Inflation jumps from 7.7% to 8.2%

December 11, 2019

Inflation shot up by 0.5 per cent in the month of November to reach 8.2 per cent, the highest since the rebased Consumer Price Index three months ago.

According to the Ghana Statistical Service, Alcoholic Beverages, Tobacco & Narcotics (13.4%) and Transport (12.3%) were the divisions with the highest rates of inflation.

But due to its relative importance in consumption, the food category is still the main driver of inflation in Ghana – even more so than last month.

The Food and Non-alcoholic beverages division recorded a year-on-year inflation rate of 8.4%.

This is 1.4 percentage points higher than the October 2019 rate of 7.0%.

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