Inflation for October 2021 shot up by 0.4% to reach 11%, triggered by an increase in the prices of petroleum products.
The price of petrol and diesel contributed the most to the increase in inflation last month, according to the Ghana Statistical Service (GSS).
However, the contribution of food inflation to the overall year-on-year inflation slowed down.
According to the figures from the GSS, month-on-month inflation between September 2021 and October 2021 was 0.6%.
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Food inflation was 11.0%, lower than that of last month (11.5%), whilst non-food inflation was also 11%, higher than September’s 9.9%.
In terms of items that contributed to the increase in inflation, Housing, Water, Electricity and Gas (20%) and Transport were the major contributors. However, the change in transport inflation compared to last month was significant.
Whilst inflation for locally produced items was 11.8%, that of imported items was 8.8%.
For the regions, the Upper West region recorded the highest inflation rate of 19.2%.
It was followed by the Northern region with an inflation rate of 14.9%.
The Ashanti and Greater Accra regions which were traditionally the regions with the highest inflation rates registered rates of 13.7% and 12.3% respectively.