Ghana’s inflation for November 2010 drops to 9.08%

Ghana’s inflation for the month of November 2010 has fallen to 9.08%, the lowest since 1992.

The Ghana Statistical Service (GSS) announced in Accra Wednesday December 15, 2010.

The GSS said the rate is 0.30 percentage points lower than that of October 2010. The rate for October was 9.38%.

It indicated that the downward trend of the country’s inflation can be attributed to both the food and non-alcoholic beverages group and the non-food group. The food and non-alcoholic beverages group has been recording single digit inflation rate since January 2010, falling from 9.08% to 4.69% in May 2010. Thereafter, it rose to 6.13% in June 2010 and fell again to 5.33% in August 2010. It rose again to 5.67 in September 2010 and then fell to 5.32% in November 2010.

By Emmanuel K. Dogbevi