The year-on-year consumer inflation rate for November 2023 has slowed significantly from 35.2% in October 2023 to 26.4%, the Ghana Statistical Service (GSS) said on Thursday (14 December).
This means that in the month of November 2023 the general price level was 26.4% higher than November 2022.
This marks the fourth consecutive drop since August this year.
Month-on-month inflation between October 2023 and November 2023 was 1.5%.
According to figures from the GSS, food inflation was the major contributor to the decline in the rate of price rises.
Food inflation dropped by 12.6% to 32.2% in November 2023. The month-on-month rate of food inflation was 0.8%.
Non-food inflation also dropped to 21.7% compared to 27.7% in October 2023. The month-on-month rate in this category was 2.2%.
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in to broadcasts online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#Asaase321
#TheVoiceofOurLand
#WeAreHere
#WeLoveOurLand
#SafeMotorway4All
