The national year-on-year inflation rate was 10.6% in September 2021 – 0.9 percentage points higher than the 9.7% recorded in August.
According to the Ghana Statistical Service (GSS), month-on-month inflation between August and September 2021 was 0.6%.
This is 0.3 percentage points higher than the figure recorded in August 2021.
Housing, water, electricity, gas and other petroleum products (18.7%) recorded the highest inflation.
Regional inflation
At the regional level, overall year-on-year inflation ranged from 2.7% in the Eastern Region to 16.8% in the Upper West Region.
The Volta Region recorded the highest month-on-month inflation (3.6%).
Seven regions (Ahafo, Bono, Bono East, Eastern, Greater Accra, Upper East and Upper West) recorded negative month-on-month inflation rates.
Food and non-food costs
Food inflation for September (11.5%) was higher than in August (10.9%) and just above the average of the previous 12 months (10.4%).
However, food’s contribution to overall inflation dropped from 50.2% last month to 48.6% in September.
Overall month-on-month food inflation was 0.0%, which is lower than the twelve-month national average month-on-month inflation.
Vegetables, coffee and coffee substitutes, and cereal products were the only subclass that recorded negative month-on-month inflation.
All the 12 non-food divisions recorded positive month-on-month inflation of a maximum 2.9%.
Non-food year-on-year inflation on average went up in September, compared to August (from 8.7% to 9.9%).
Of the 13 divisions, six had higher year-on-year inflation in September 2021 than the rolling average over the past 12 months.
Transport is the division that recorded the biggest difference in this month’s inflation compared to the 12-month rolling average (13.6%, compared to 8.9%).
Housing, water, electricity and gas recorded relatively high inflation (18.7%) this month compared to the rolling average (20%).
Inflation for imported goods was 8.1 % (the same figure as recorded for August) while inflation for locally produced items was 11.5% (up from 10.3% recorded in August).
Asaase Radio 99.5 – tune in or log on to broadcasts online
Follow us on Twitter: @asaaseradio995
#AsaaseRadio
#TheVoiceofOurLand
