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    2021 October inflation rises to 11.0%

    The national inflation from October 2020 to October 2021 has gone up to 11.0% from 10.6 recorded in September 2021 on year-on-year.

    The national month-on-month inflation from September 2021 to October 2021 stood at 0.6%, the same figure recorded in September 2021.

    Food and Non-Alcoholic Beverages inflation was 11.0% and Non-Food inflation 11.0% for the period under review.

    At the Regional level, inflation was between 19.2% in the Upper West region and 1.9% in the Eastern Region.

    The Government Statistician, Professor Samuel Kobina Anim made this known to Journalists in Accra.

    According to him, “food inflation’s contribution to total inflation further dropped from 48.6% last month to 44.9% in October”.

    He said, overall month-on-month food inflation was -0.3%, which is lower than the twelve month national average of month-on-month inflation.

    Vegetables, and fruits and nuts were the subclasses that recorded negative month-on-month inflation.

    Thirteen out of the fifteen food sub-classes recorded positive year-on-year inflation of max 17.2%.

    “Non-food year-on-year inflation on average went up again this month compared to last month (from 9.9% to 11.0%).

    Out of the 12 Non-food Divisions, ten had higher year-on-year inflation in October 2021 than the rolling average over the last 12 months”.

    Professor Anim added that, “Transport once again recorded the biggest difference in this month’s inflation compared to the twelve months rolling average (14.9% compared to 9.7%).

    Housing, Water, Electricity and Gas recorded the highest inflation this month (20.6%)”.

    Source|osimpamfm.com|Richard Owusu Tawiah

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