Ghana: Inflation Rate Increases to 9.3 Percent

The inflation rate has increased marginally in November, rising .1% from last month's figure to 9.3%

This means that overall, the prices of goods have been increasing at a slightly higher rate than they did at the same time last year.

Magnus Ebo Duncan, the Head of Economic Statistics with Ghana Statistical Services, explained that while the prices of most goods have been increasing, the prices of certain foodstuffs have recorded negative inflation rates, meaning that their prices are lower than they were at this time last year.

This was especially the case for seasonal vegetables, tomatoes, garden eggs, yams, and cassava. He said that these items are the main forces pushing down the inflation rate.

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