September Inflation Falls to 38.1% From 40.1%
Ghana’s inflation rate fell to 38.1% in September 2023, from 40.1% in August, according to the Ghana Statistical Service (GSS).
The GSS said the decline in inflation was due to a decrease in the prices of food and non-food items. Food inflation fell from 51.9% in August to 49.4% in September, while non-food inflation fell from 30.9% to 29.3%.
The Government Statistician, Prof. Samuel Kobina Annim, said the decline in inflation was a positive development.
The decline in inflation is good news for consumers and businesses in Ghana.
It means that the prices of goods and services are rising at a slower pace, which will help to improve purchasing power and boost economic activity.
Citinewsroom
Disclaimer:
The Views,Comments, Opinions, Contributions and Statements expressed by Readers and Contributors on this website do not necessarily represent the views or policy of Wohonsem.com. Wohonsem.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us.
