The Ghana Statistical Service has reported that the inflation rate decreased from 35.2% in October 2023 to 26.4% in November 2023.

Food inflation was the main cause of the decline, according to the GSS.

In November 2023, food inflation decreased by 12.6% to 32.2%. The rate of food inflation month over month was 0.8%.

Inflation outside of food also decreased, coming in at 21.7% as opposed to 27.7% in October 2023. The non-food inflation rate was 2.2% on a monthly basis.

Inflation rates in five divisions were greater than the national average.

These include food and non-alcoholic beverages (32.2%); restaurants and lodging services (27.1%); furnishings, household equipment, and routine household maintenance (32.2%); alcoholic beverages, tobacco, and narcotics (39.0%); and personal care, social protection, and other goods and services (35.4%).