Inflation for October 2024 increased marginally to 22.1% from 21.5% recorded in September 2024.

According to the Ghana Statistical Service, food and non-food inflation went up by 22.8 and 21.5 percent respectively.

Also, locally produced items went up to 24. 6 percent compared to the 23.4 percent recorded in September. Imported items saw a drop to 16.3 percent compared to the 17.0 percent recorded in October.

Addressing journalists, Government Statistician, Prof. Samuel Annim explained that the 22.1 percent that has been recorded for the month of October 2024 is a 0.6 percentage point increase relative to the year on year inflation that was recorded for September 2024.

“Desegregating 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”.

He pointed out that food inflation has increased by 0.7 percentage point recording 22.1 percent in September 2024 and increasing to 22.8 percent for October 2024.

“Non food inflation has also increased by 0.6 percentage point, increasing from 20.9 percent for the month of September 2024 to 21.5 percent for the month of October 2024.