Inflation for September 2024 has increased to 21.5 percent from 20.4 percent recorded in August. The increase is a result of a rise in food inflation.
Food inflation surged to 22.1 percent from 19.1 in August 2024. However, non-food inflation declined to 20.9 percent from 21.5 percent in August 2024.
The government has targeted to end the year with an inflation target of 15%.
Inflation has been on a downward trend for five months running but the Government Statistician, Prof. Samuel Kobina Anim while announcing this latest uptick suggested that there a still upside risks.
“This five-month successive decrease in the rate of inflation has been reversed in September with food recording a higher rate,” he said.
The report revealed an increase in inflation for both locally produced and imported items.
Inflation for imported goods rose to 17.0 percent in September, up from 16.1 percent in August.
Locally produced items saw inflation climb to 23.4 percent, compared to 22.2 percent in the previous month.
Among the sectors, restaurants and accommodation services registered the highest inflation at 27.9 percent, followed closely by alcoholic beverages, tobacco, and narcotics at 27.6 percent.
Find below the CPI:
CPI_September_2024 CPI_September_2024
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