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September 2024 inflation soars to 21.5%

Source The Ghana Report

The year-on-year inflation for September 2024 has risen to 21.5%, up from 20.4% in August 2024.

The Ghana Statistical Service(GSS) has attributed the increase to a rise in food inflation.

Food inflation surged to 22.1 percent from 19.1 in August 2024.

However, non-food inflation declined to 20.9 percent from 21.5 percent in August 2024.

Before the current increase, inflation had gone down for five consecutive months.

The report revealed that inflation on locally produced items and imported items increased.

Inflation on imported items increased to 17.0 percent from 16.1 percent in August, whereas locally produced items recorded an inflation of 23.4 percent from 22.2 percent in August 2024.

Restaurants and accommodation services recorded 27.9 percent whereas Alcoholic beverages, tobacco and narcotics recorded 27.6 percent.

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