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High food prices push October inflation to 40.4 %

Increases in food prices, housing, electricity, and fuel pushed the inflation rate for the month of October 2022 to 40.4 %.

Food inflation recorded the highest rate among all the components as against non-food inflation according to the Ghana Statistical Service.

 

Increase in food prices, others push October inflation to 40.4 %
The increase in food inflation indicates a jump of more than 3 percent from the previous rate of 37.2.

Addressing the media, Government Statistician, Professor Samuel Kobina Annim explained that all items in the component for calculating the rate of inflation recorded an increase.

 

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