Ghana’s inflation rate rose to 21.5% in September – Prof Annim --[Reported by Umva mag]

The Ghanaian Government Statistician, Prof. Samuel Kobina Annim, has announced that Ghana’s inflation rate for the month of September this year increased to 21.5 per cent, up from 20.4 per cent recorded in August 2024

Professor Samuel Kobina Annim told the news conference on Wednesday in Accra that the increase in the Consumer Price Index (CPI) which recorded an increase after a five-month decline, was due to increases in food prices in September.

According to him, this his five-month successive decrease in the rate of inflation has been reversed in the month of September, with food recording a higher rate of inflation.

Prof. Annim explained that a significant driver of the inflation increase was food inflation, which jumped from -2.2 per cent month-on-month in August to 4.2 per cent in September.

He stated that non-food inflation was 20.9 per cent in September as against 21.5 per cent in August.

The inflation for imported items for the month of September was 17 per cent, while the figure for locally produced items was 23.4 per cent.

On regional basis, the Savanah region recorded the highest rate of inflation of 36.4 per cent, while the North East region recorded the lowest figure of 16.7 per cent.

GIK/APA

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