In November, inflation fell to 26.4%, marking the fourth consecutive month of decline.
This is a reduction of 8.8 percentage points from the 35.2 percent reported in October 2023.
According to Consumer Price Index (CPI) statistics issued on Thursday, December 14, food inflation was 32.2 percent year on year, while non-food inflation was 21.7 percent.
In emphasizing the figures, the Government Statistician, Professor Samuel Kobina Annim, stated that the Western region had the highest inflation rate of 39.8 percent, while Greater Accra had the lowest inflation rate of 19.8 percent.
Professor Annim added “From a Food and non-food perspective, we saw a 10.4 percentage rate difference with food inflation of 32. 2 inflation relative to 21. 7 for November 2023. The decline in food inflation was massive to non-food inflation with food inflation dropping by 12.6 Percent while non-food inflation dropped to 6. 0 percent.
“From the locally produced items and imported items perspective, we recorded a 1.0 percentage point as we continue to see the dominance of imported items inflation recording a relatively higher inflation of 21. 7 percent relative to locally produced items of 26.1 percent for November”.
