inflation

Inflation hits 17 percent

Year on year inflation for the month of November increased to 17% from 16.9% recorded in October. This is the highest rate recorded since 2010.
The monthly inflation rate however declined from 2.7% to 0.9%.
The non-food group recorded a marginal increase in inflation rate from 24% to 24.1% in November.
This was mainly driven by housing, water and electricity which recorded an inflation rate of 36.2%. Education recorded the lowest inflation rate of 9%.
Food inflation inched up marginally from 6.5% to 6.6% which was driven by coffee, tea and cocoa which recorded an inflation rate of 20.5%.
According to the Ghana Statistical Service, the prices of vegetables averagely have fallen by 5.5% compared to same period last year.
Deputy Government Statistician, Dr Baah Wadeah revealed the development as a result of the availability of more vegetables on the market now.
The central region recorded the highest regional inflation rate of 19.5% while the Upper-West region recorded the lowest rate of 13.1%.
The Greater Accra region recorded an inflation rate of 16.3%