Inflation for October 2022 surges to 40.4%

The Consumer Price Inflation (CPI) for October 2022 based on the new series was 144.4 relative to 102.9 for October 2021 using the linked series, the Ghana Statistical Service has disclosed.

Year-on-year inflation rate for October 2022 was 40.4%

This means that in the month of October 2022 the general price level was 40.4% higher than October 2021.

Month-on-month inflation between September and October 2022 was 2.7%.