Inflation flat at 9.38 per cent in October

By: Daniel Nonor

Dr. Grace Bediako, Governemnt Statistitian

The rate of inflation for October was 9.38 per cent, unchanged from September, the Ghana Statistical Service (GSS) said on Wednesday.

The flat rate halts the 15th consecutive monthly fall since June 2009, when the rate stood at 20.74 per cent. The food and non-alcoholic beverages group has been recording single digit inflation rate since January 2010, falling from 9.08 to 5.62 per cent in October.

On the other hand, non-food inflation, though on the decline, has been recording double digit inflation, reaching 11.82 per cent in September this year.

Inflation rates in the regions ranged from 6.09 per cent in the Volta Region, to 14.93 per cent in the Greater Accra Region.

Five Regions – Western, Volta, Eastern, Ashanti and Brong Ahafo – registered rates below the national rate of 9.38 per cent.

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