Slowing food prices helped drive a fall in inflation for September, with prices now rising at their slowest rate in a year.
The Government Statistician, Prof. Samuel Kobina Anim, reported that inflation, which measures how prices change over time, fell to 38.1% in September, down from 40.1% in August.
According to him, this is the second month in a row that the figure has fallen, with food inflation for September 2023 being 49.4%, down from 51.9% in August.
This is the lowest in 5 months, he said, and continued that the figure puts month-on-month food inflation at 1.6%.
Prof. Kobina Anim observed that the non-food index for September was 29.3%, down from 30.9% in August, and that the month-on-month non-food inflation was 2.1%.
He revealed that inflation for locally manufactured commodities was 37.3%, whilst the rate for goods imported was 39.9%.
Regionally speaking, eight additional regions had rates of inflation higher than the 38.1% national average, with the North East posting the highest rate at 54.4%.
The Ashanti Region had the lowest inflation rate of 31.2%, while the Greater Accra Region had an inflation rate of 33.9%.
By Ernest Kofi Adu