The month of November 2021 recorded the most noteworthy rate of inflation of 12.2% since the rebasing of the Buyer Cost File was tired 2019, the Ghana Measurable Benefit has demonstrated.
This shows that costs of products and administrations seen upward alteration amid the period, a circumstance that will thrust intrigued rates and thus fetched of borrowing up.
Lodging, Water and Power (20.5%) once once more topped the list of things within the inflation wicker container that contributed to the rate of increment.
Month-on-month inflation between October and November 2021 was in any case 1.4%. Nourishment inflation (13.1%) was higher than both last month nourishment inflation (11.5%) and the normal of the past 12 months (10.4%).
Nourishment inflation’s commitment to add up to inflation expanded from 44.9% last month to 47.7% in November 2021. Overall month-on-month nourishment inflation was 2.1%, which is higher than the 12 month national month-on-month rolling normal of nourishment inflation (1.0%).
All the 15th nourishment subclasses recorded positive month-on-month inflation with Vegetables recording the most elevated (3.8%).
Moreover, non-nourishment year-on-year inflation on normal went up once more to 11.6 this month compared to last month 11.0%.
As it were one out of the 12 non-nourishment divisions had the 12 months rolling normal to be higher than the year-on-year inflation for November 2021.
The inflation for imported merchandise was 9.8%, higher than the 8.8% recorded for last month, whereas the inflation for locally created things was 13.0%, up from the 11.8% recorded last month.
Upper West locale records most noteworthy inflation rate of 17.2%
The Upper West locale still enlisted the most elevated inflation rate of 17.2% in November 2021, and it was taken after by the Northern locale with inflation rate of 16.4%.
The More prominent Accra locale in any case recorded the most elevated month-on- month inflation rate of 4.4% for November 2021, in spite of the fact that its overall inflation rate was 13.4%. Diversion, Don and Culture, and Nourishment and Nonalcoholic Refreshments were the divisions with higher month-on-month inflation over all the districts.
Eastern locale recorded the least inflation rate of 2.7%.
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