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Inflation in Ghana: Upper East Region records 3rd lowest inflation in northern Ghana

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The Upper East Region recorded the third-lowest inflation rate in Northern Ghana, according to the Ghana Statistical Service‘s (GSS) Consumer Price Index (CPI) for October 2023.

According to the CPI, the Upper East Region recorded a year-on-year inflation rate of 34.2 percent in October, while inflation in Ghana currently stands at 35.2 percent.

The region reported a food and non-alcoholic beverage inflation rate of 24.8 percent, and a non-food inflation rate of 38.9 percent.

Meanwhile, the Savannah Region recorded the lowest average inflation in northern Ghana at 28.5 percent, followed by the Upper West Region with an inflation rate of 32.5 percent.

The North East and Northern Regions both recorded an average inflation rate above the national figure: 47.5 percent and 40.6 percent, respectively.

The Combined Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2021, the base year, which has an index of 100. The year-on-year inflation rate as measured by the CPI was 35.2 percent in October 2023.

This rate of inflation in Ghana for October 2023 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from October 2022 to October 2023. The monthly change rate for October 2023 is 0.6 percent.

Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana

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