Audio By Carbonatix
The year on year inflation for the month of September 2024 has increased to 21.5 percent from 20.4 percent recorded in the month of August 2024.
The Ghana Statistical Service has attributed the increase to a rise in food inflation.
Food inflation surged to 22.1 percent from 19.1 in August 2024.
However, non-food inflation declined to 20.9 percent from 21.5 percent in August 2024.
Before the current increase, inflation had gone down for five consecutive months.
The report revealed that inflation on locally produced items and imported items increased.
Inflation on imported items increased to 17.0 percent from 16.1 percent in August, whereas locally produced items recorded an inflation of 23.4 percent from 22.2 percent in August 2024.
Restaurants and accommodation services recorded 27.9 percent whereas Alcoholic beverages, tobacco and narcotics recorded 27.6 percent.
Also, Housing, water, electricity, gas and other fuels recorded 26.4 percent, Education services had 23.7 percent whereas Health recorded 22.3 percent and Food and non-alcoholic beverages also recorded 22.1 percent.
The items recorded higher inflation than the overall rate of inflation of 21.5 percent for September 2024.
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