November inflation 9.3%

December 13, 2018

The rate of inflation for the November is 9.3 percent, down from the 9.5 percent recorded in October 2018 – the lowest since January 2013, Government Statistician Baah Wadieh has announced.

At a press conference in Accra, Mr Wadieh said: “This means that the general price level went up by 0.7% between October 2018 and November 2018. The monthly change rate recorded for October 2018 was the same rate as in November 2018.”

Two main components – Food inflation and Non-food inflation accounted for the drop.

According to Mr Wadieh, the food inflation rate for November 2018 was 8.6%, compared to the 8.9% recorded in October 2018, whereas the non-food inflation rate for November 2018 was 9.7%, compared with the 9.8% recorded in October 2018.

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