{"id":260426,"date":"2024-12-04T16:16:58","date_gmt":"2024-12-04T16:16:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/04\/ghanas-inflation-rises-to-23\/"},"modified":"2024-12-04T16:16:58","modified_gmt":"2024-12-04T16:16:58","slug":"ghanas-inflation-rises-to-23","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/04\/ghanas-inflation-rises-to-23\/","title":{"rendered":"Ghana\u2019s inflation rises to 23%"},"content":{"rendered":"

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\"November's November’s high inflation rate was driven by the increase in food prices<\/span><\/span><\/p>\n<\/div>\n

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Ghana\u2019s inflation rate for November 2024 has risen to 23%. This marks the third consecutive monthly increase after a five-month decline.<\/p>\n

The 23.0% rate for November 2024 represents a 0.9 percentage point increase relative to the 22.1% year-on-year inflation recorded the previous month.<\/p>\n

According to the Government Statistician, Professor Samuel Annim, the high inflation rate is attributed to significant increases in food prices.<\/p>\n

Food inflation rose from 22.8% to 25.9% due to the high cost of living.<\/p>\n

\u201cOn a month-on-month basis, food inflation surged to 3.8% in November 2024, compared to just 0.3% in October,\u201d he said.<\/p>\n

\u201cThis means that in the month of November 2024, the general price levels of goods and services went up by 23.0% compared to November 2023,\u201d the government statistician explained.<\/p>\n

On the regional level, the Upper East Region recorded the highest inflation rate at 44.9%, while the Eastern Region had the lowest – 18.7%.<\/p>\n

SA\/MA<\/p>\n

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