Inflation for the month of September 2023 fell to 38.1% from the 40.1% recorded in August 2023. According to figures from the Ghana Statistical Service, both food and non-food inflation dropped.
Whilst food inflation declined to 49.4% from the 51.9% recorded in August 2023 non-food inflation also decreased to 29.3% from the 30.9% recorded in August 2023.
Inflation for locally produced items was estimated at a rate of 37.3% while that of imported products was 39.9 percent%.
Government Statistician, Professor Samuel Kobina Annim, attributed the decline to the tight monetary policy measures by the Bank of Ghana.
At the regional level, North East recorded the highest inflation of 54.4% while Ashanti recorded the lowest inflation of 31.2%.
More soon……….
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