The national year-on-year inflation rate was 12.2% in November 2021, which is 1.2 percentage points higher than the 11.0% recorded in October 2021, the Ghana Statistical Service (GSS).
According to the GSS, the month-on-month inflation between October and November 2021 was 1.4%. Housing, water, electricity, gas and other fuels (20.5%) recorded the highest inflation.
Food and non-food inflation
The November food inflation (13.1%) is higher than both last month (October) food inflation (11.5%) and the average of the previous 12 months (10.4%). Food inflation’s contribution to total inflation increased from 44.9% last month to 47.7% in November.
Overall month-on-month food inflation was 2.1%, which is higher than the twelve-month national month-on-month rolling average of food inflation (1.0%).
All the 15 food subclasses recorded positive month-on-month inflation with vegetables recording the highest (3.8%). Non-food year-on-year inflation on average went up again this month compared to last month (from 11.0% to 11.6%).
Only one out of the 12 non-food divisions had the 12 month rolling average to be higher than the year-on-year inflation for November 2021. Housing, water, electricity, gas other fuels recorded the highest inflation this month (20.5%).
Regional inflation
At the regional level, the overall year-on-year inflation ranged from 2.7% in the Eastern Region to 17.2% in the Upper West Region. Greater Accra Region recorded the highest month on month inflation (2.0%).
All regions recorded positive month-on-month inflation rates with the Upper East region recording the lowest (0.3%).
The Greater Accra Region also recorded the highest month-on-month inflation for November 2021 (4.4%). Recreation, sport and culture, and Food and Nonalcoholic Beverages are the divisions with higher month-on-month inflation across all the regions.
Imported and local inflation
The inflation for imported goods was 9.8% (higher than the 8.8% recorded in October) while the inflation for locally produced items was 13.0% (up from the 11.8% recorded in October).
Asaaseradio
