{
  "id": 18121136,
  "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-18121136",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T12:19:44.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/october-2026-inflation-rises-to-5-5-indicating-third-consecutive-increase/"
  },
  "original_language": "en",
  "account": "In October 2026, Ghana's year-on-year inflation rate surged to 5.5%, marking the third consecutive monthly increase since July, according to data released by the Government Statistician, Dr. Alhassan Iddrisu. Non-food inflation, which accounted for 76% of the overall inflation rate, was the primary driver of this rise, while food inflation contributed 24%. Among the various sectors, services experienced the sharpest price increases, with an inflation rate of 11.5% in October, up from 8.3% in September. This was driven largely by high transport prices, which rose to 14.1% in October from 5.7% in September. Housing, water, electricity, gas, and other fuels contributed to 10.5% inflation, making it the largest contributor to October's inflation, accounting for 24.4% of the total. Among regions, Ashanti had the highest inflation rate at 9.7%, while the Northern Region had the lowest inflation rate at -0.5%, indicating lower prices compared to a year earlier. The data highlights significant price differences between locally produced and imported items, with locally produced items inflating at 6.9% compared to 2.4% for imported items. Locally produced items constituted 86.4% of October's inflation, underscoring their impact on domestic price movements. Some commodities, such as fresh tomatoes, shrimps, and ginger, recorded substantial year-on-year price increases of 119.3%, 88.8%, and 88.2%, respectively, while staples like guinea corn, maize, foreign apples, and lime saw declines. Dr. Iddrisu emphasized that the inflation data provides crucial insights for households, businesses, and policymakers to make informed decisions, particularly in managing household expenditure, adjusting business costs, and addressing areas experiencing higher price increases.",
  "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 76% of the overall inflation rate, compared with 24% for food inflation. Presenting the […]",
  "key_points": [],
  "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."
}