September 2024 saw a year-on-year increase in inflation from 20.4 percent to 21.5 percent.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The year-on-year inflation for September 2024 has increased to 21.5 percent from 20.4 recorded in August 2024.

The Ghana Statistical Service 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 inflation of 23.4 per cent from 22.2 percent in August 2024.

Source: newsthemegh.com