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Inflation For September 2023 Drops To 38.1 %

The 40.1% inflation rate for August 2023 has decreased to 38.1% for September 2023.

The inflation rate in 2023 has decreased twice in a row, to 40.1% in August and 38.1 in September, respectively.

Inflation rates for both food and non-food items decreased, according to data from the Ghana Statistical Service.

While food inflation dropped from 51.9% to 49.4% in August 2023, non-food inflation also fell from 30.9% to 29.3% in that same month.

Inflation rates for domestically manufactured goods were calculated at 37.3% and for imported goods at 39.9%.

Professor Samuel Kobina Annim, the government’s statistician, ascribed the fall to the Bank of Ghana’s strict monetary policy measures.

Inflation rates for both food and non-food items decreased, according to data from the Ghana Statistical Service.

While food inflation dropped from 51.9% to 49.4% in August 2023, non-food inflation also fell from 30.9% to 29.3% in that same month.

Inflation rates for domestically manufactured goods were calculated at 37.3% and for imported goods at 39.9%.

Professor Samuel Kobina Annim, the government’s statistician, ascribed the fall to the Bank of Ghana’s strict monetary policy measures.

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