Annual consumer inflation in Ghana in October slipped 0.6 percentage points to 11.6 percent, down from September’s 12.2 percent, Ghana Statistical Service (GSS) has said.

The monthly change rate was 0.9 percent during the month under review relative to 0.0 percent recorded in September.

Food inflation was up 0.1 percentage points to 8.2 percent year-on-year compared with the 8.1 percent in September, Acting Government Statistician Baah Wadieh told the media here on Wednesday.

For the non-food group, the year-on-year inflation dropped 0.9 percentage points to 13.2 percent in October, down form the 14.1 percent posted in the previous month.

Wadieh attributed the slide in inflation in October to reduction in non-food prices.

“A general reduction in the costs of items across the non-food sector was the major factor influencing inflation in October,” he said. Enditem

Source: Xinhua/NewsGhana.com.gh

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