The inflation rate in Ghana

According to the Ghana Statistical Service, Ghana’s inflation rate increased from 33.9% in August 2022 to 37.2% in September 2022.

This represents an increase of 2.0% month over month from the rate of 33.9% observed in August 2022.

The rate is, however, also 37.2% greater than in September 2021.

Between August (31.7%) and September (33.9%) 2022, year-over-year inflation increased by 2.2 percentage points.

While non-food inflation was 36.8%, food inflation was 37.8%.

While prices for imported goods increased by 40.7%, prices for locally manufactured goods increased by 35.8%.

The highest food inflation was found in the Western Region (47.0%), whereas the highest non-food inflation was found in the Eastern Region (42.0%). The Greater Accra Region (39.3%), Western Region (40.2%), and Eastern Region (41.0%) all had the highest inflation rates overall.

In the Eastern Region, transportation experienced the highest rate of inflation (68.7%), whereas in the Western Region, fish and other seafood experienced the highest rate of inflation (64.0%).