{
  "id": 18117969,
  "title": "October 2026 inflation rises to 5.5% indicating third consecutive increase",
  "url": "https://urgent.news/2026/11/04/october-2026-inflation-rises-to-5-5-indicating-third-consecutive",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T12:19:44.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/october-2026-inflation-rises-to-5-5-indicating-third-consecutive-increase/"
  },
  "original_language": "en",
  "account": "Ghana's year-on-year inflation rate surged to 5.5% in October 2026, reflecting a third consecutive monthly increase since July. Non-food inflation, accounting for about 7.9% of the total, was the primary driver of the rise, while food inflation accounted for 2.8%. Dr. Alhassan Iddrisu, Government Statistician, attributed the surge to services sector price hikes. Non-food-related price increases averaged 76 pesewas per Ghana cedi, while food-related increases amounted to 24 pesewas. Food inflation eased to 2.8%, a 2% decrease month-on-month, while services inflation climbed sharply to 11.5%, up from 8.3%. Dr. Iddrisu noted that services were experiencing price increases three times faster than goods. Transport recorded the highest inflation at 14.1%, followed by housing and fuels at 10.5%. These three divisions combined contributed to about 70% of the national inflation rate. Locally produced items, comprising 86.4% of the inflation, were the main cause of price increases, with transportation services experiencing the most significant rise. Ashanti recorded the highest regional inflation rate of 9.7%, while the Northern Region had the lowest at -0.5%. Significant commodity price increases included fresh tomatoes (119.3%), shrimps (88.8%), and ginger (88.2%). The inflation data aims to guide households, businesses, and policymakers in making informed decisions on expenditure and support allocation.",
  "summary": "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, says non-food inflation remains a major driver of the increase, accounting for about 7.9% of the overall inflation rate, compared with 2.8% for food inflation. Presenting the […]",
  "key_points": [
    "Ghana's year-on-year inflation rate reached 5.5% in October 2026",
    "Non-food inflation, at 7.9%, drove the increase",
    "Services sector inflation surged to 11.5%, three times faster than goods"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Ireland’s unemployment rate rises to 4.8% in October",
        "url": "https://urgent.news/2026/11/04/irelands-unemployment-rate-rises-to-4-8-in-october",
        "published": "2026-11-04T11:16:57.000Z"
      },
      {
        "outlet": "3News",
        "title": "Inflation rises to 5.5% in October as transport and services costs climb",
        "url": "https://urgent.news/2026/11/04/inflation-rises-to-5-5-in-october-as-transport-and-services-costs",
        "published": "2026-11-04T13:19:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}