Ghana’s Inflation Rises to 5.5% in October as Transport and Services Costs Surge
By Marcella Mwinkoma Babing Ghana’s year-on-year inflation rate has increased to 5.5% in October 2026, from 5.2% in September, marking the third consecutive monthly rise since July. Government Statistician, Dr Alhassan Iddrisu, announced the figures on Wednesday, November 4, 2026, during the presentation of the October Consumer Price Index and Inflation Report, streamed live by […]
Ghana's year-on-year inflation rate rose to 5.5% in October 2026, up from 5.2% in September, marking the third consecutive monthly increase since July, according to the Ghana Statistical Service. Dr Alhassan Iddrisu, Government Statistician, presented the figures on November 4, 2026. While overall inflation increased, food inflation eased, indicating that recent price pressures are primarily from non-food items, particularly services.
Non-food inflation made up about 76% of the overall rate, while food inflation accounted for 24%. Transport and services saw significant price increases, with transport inflation rising to 14.1% in October from 5.7% in September, and services inflation surging to 11.5% from 8.3% in September. The report noted that locally produced goods accounted for 86.4% of October's inflation, highlighting their influence on domestic price movements.
The Northern Region experienced the lowest inflation rate at -0.5%, while the Ashanti Region had the highest at 9.7%.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
