Ghana’s inflation rate for October 2015 was 17.4 percent, the same as recorded in September 2015.
[contextly_sidebar id=”HVrXmJ35QuVj734OmHFTY2s1yuzDKhmJ”]The monthly change rate was however 2.7 percent for October compared to – 0.1 percent recorded in September this year.
The food and non-food inflation recorded inflation rates of 7.8 and 23 percent respectively.
The main “price drivers” for the food inflation rate were Vegetables (13.6%) and Mineral water, soft drinks, fruit and vegetable juices (8.5%).
The rate for the non-food inflation was mainly influenced by; Recreation and Culture (29.9%), Education (28.8%), Transport (25.7%), Clothing and Footwear (24.5%), Furnishings, household equipment and routine maintenance (24.5%) as well as housing, water, electricity, gas and other fuels (23.1%).
Official figures released by the Ghana Statistical Service also showed that the Upper West region recorded the highest inflation rate of 18.6 percent above the national average while the Upper East region recording the lowest inflation of 13.0 percent.
Meanwhile inflation rate for imported items was 18.6% in October 2015 (compared with 17.4% recorded in September 2015).
On the contrary, inflation rate for locally produced items was 16.9% in October 2015 (compared with 17.3% recorded in September 2015).
By: Pius Amihere Eduku/citifmonline.com/Ghana