Ghana's inflation rate has dropped for the third consecutive time, reaching 35.2% in October.
This marks a significant decrease of 2.9 percentage points from the previous month's rate of 38.1%, as revealed by the Consumer Price Index (CPI) data released by the Ghana Statistical Service on Tuesday.
The breakdown indicates that food inflation stood at 44.8%, while non-food inflation was at 27.7%.
This news is particularly relevant as Finance Minister Ken Ofori-Atta prepares to present the 2024 Budget Statement and Economic Policy to Parliament on Wednesday, November 15.
Government Statistician, Prof. Samuel Kobina Annim, emphasized the positive nature of this decline in inflation, signaling a favorable economic development for the country.
