APA – Accra (Ghana)
The Government Statistician, Professor Samuel K. Annim, has announced that Ghana’s year-on-year inflation rate dropped from 40.1 per cent in August this year to 38.1 per cent in September 2023.
Prof Annim told journalists at a news conference on Wednesday in Accra that the drop was 2 per cent less than the figure for August and that it represented the second consecutive drop in the country’s consumer price index this year.
He attributed the drop in inflation rate in September to the impact of both food and non-food inflation figures.
According to him, food inflation fell by 2.5 percentage points to 49.4 per cent in September from 51.9 per cent in August, while non-food inflation fell by 1.6 percentage points to 29.3 per cent in September from 30.9 per cent in August.
Local media reports quoted Prof Annim as saying that inflation on locally produced items inched up to 37.3 per cent in September from 36.2 per cent in August, while inflation on imported items fell to 39.9 per cent in September from 42.4 per cent in August.
The reports added that on month-on-month basis, food inflation rose to 1.6 per cent in September, up from 0.3 per cent in August, while non-food inflation rose to 2.1 per cent in September from 0.2 per cent in August.
On the regional breakdown inflation figures, Prof. Annim said that the North East Region recorded the highest rate of inflation of 54.4 per cent, followed by Eastern Region, 49.9 per cent, Western, 47.4 per cent, while Ashanti had the lowest rate of inflation of 31.2 per cent, Greater Accra, 33.9 per cent, Oti, 34.3 per cent.
GIK/APA
Ghana’s inflation rate for September drops to 38.1%
