Inflation for November 2024 climbed to 23.0%, up from 22.1% in October, marking the third consecutive monthly increase after a five-month decline.
By The Numbers
- Food inflation surged to 25.9% (from 22.8%), while non-food inflation eased slightly to 20.7% (from 21.5%).
- The Consumer Price Index (CPI) for November 2024 hit 243.9, compared to 198.2 in November 2023, translating into the 23.0% year-on-year rate.
What they’re saying
“This means that in November 2024, general price levels for goods and services were 23.0% higher than in November 2023,” said Prof. Samuel Kobina Anim, speaking in Accra on Wednesday.
The big picture
The rise in inflation, driven largely by food prices, signals lingering economic pressures despite earlier signs of stabilization earlier in the year.
Source: Citi News
