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The rate represents a decrease of 0.3 percentage points in consumer inflation that measures the average change in the general price levels of goods and services over a period of time and measured by the Consumer Price Index (CPI), in relation to 10.1 percent registered in October 2020..
Government statistician Professor Samuel Annim, who announced this in Accra yesterday, said that monthly national inflation from October 2020 to November 2020 was 0.3 percent, slowing for the fourth consecutive month after the coronavirus (COVID-19). . leading to single digits for the month under review.
Two of the 13 divisions had inflation rates above average; ‘housing, water, electricity, gas’ (21.0 percent, compared to 20.2 percent last month) and ‘food and non-alcoholic beverages’ (11.7 percent less than 12.6 percent of last month).
Regionally, headline annual inflation ranged from 3.4 percent in the High West and Volta regions to 15.2 percent in the Greater Accra region.
The Greater Accra region is the only region that recorded a food inflation rate above 8 percent (13.7 percent).
The difference between food (13.7 percent) and non-food (16.2 percent) inflation was only 2.5 percentage points, while in the Ashanti region, the difference was 9.4 percentage points (5.7 percent compared to 15.1 percent).
Food contributed 53.0 percent to headline inflation and therefore continues to be the predominant driver of year-on-year inflation.
Professor Annim also said that the subclass ‘Housing, Water, Electricity and Gas’ contributed 22.6 per cent to headline inflation, the division’s largest contribution since the reboot in August 2019.
