Inflation for October 2024 has risen marginally to 22.1 per cent. This is against 21.5% per cent recorded in September.
The Ghana Statistical Service (GSS) said the increase was driven by food and non-food inflation.
Food inflation rose from 22.1% to 22.8%, while non-food inflation ticked up from 20.9% to 21.5%.
This is the second time inflation has risen after a five-month decrease.
Meanwhile, the government has set a year-end inflation target of 15%.
Addressing journalists in Accra on Wednesday, Prof Samuel Kobina Annim noted that “Disaggregating overall rate of inflation from your food and non-food perspective, we did record 22.8 percent for food inflation and 21.5 percent for non-food inflation for the month of October 2024.″
Locally produced items went up to 24. 6% compared to the 23.4% recorded in September. Imported items saw a drop to 16.3% compared to the 17.0% recorded in October.
