GSS

Inflation Jumps To 50.3% In November 2022, Highest In 27 Years
14 Dec

Inflation Jumps To 50.3% In November 2022, Highest In 27 Years

wontumionlineBusiness, ,
Inflation went up by 9.9% to 50.3% in the month of November 2022, according to latest figures from the Ghana Statistical Service. This is the highest figure recorded in 27 years. The increment was expected because of fuel price increases and the cedis’ depreciation during the month under review. However, the trend may halt or reverse in December 2022 due to the recent improvement in the value of the cedi to the dollar and fall in fuel prices. According to the figures, food inflation hit 55.3%, from October’s rate of 43.7%. Non-food inflation also shot up by 7.2% to 46.5%…
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Increase In Food Prices, Others Push October Inflation To 40.4%
10 Nov

Increase In Food Prices, Others Push October Inflation To 40.4%

wontumionlineBusiness, , ,
Increases in food prices; housing, electricity and fuel, and three other divisions pushed inflation for the month of October 2022 to 40.4 %. This means the cost of credit is expected to go up further as the Bank of Ghana is set to take a decision on the policy rate – the rate at which it lends to commercial banks- by November 25, 2022. The food inflation recorded the highest rate among all the components as against non-food inflation, according to figures from the Ghana Statistical Service. The increase by food inflation indicates a jump of more than 3% from…
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