{
  "id": 18125698,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T13:19:12.000Z",
  "source": {
    "name": "3News",
    "slug": "3news",
    "url": "https://3news.com/economy/inflation-rises-5-5-transport-services"
  },
  "original_language": "en",
  "account": "Ghana's inflation rate climbed to 5.5% in October, marking the third consecutive monthly rise, according to the Ghana Statistical Service. The increase was primarily driven by non-food items, which saw a 7.9% rise, compared to a 2.8% rise in food prices. Transport costs surged by 14.1%, the highest among the 13 spending divisions, largely due to lorry fare hikes. Housing, water, electricity, gas, and other fuel prices contributed the most to the inflation rate at 10.5%. Over the past year, inflation has been climbing steadily, reaching 5% in August and 5.2% in September. The current rate is still 2.5 percentage points lower than the 8% rate a year ago. The consumer basket shows services inflation at 11.5%, up from 8.3%, while goods inflation decreased to 3.8% from 4.2%. Food prices dropped 2% month-over-month, with fresh tomatoes experiencing the most significant annual price increase at 119.3%. Prices of parking spaces and related services rose by 47.2%, and mango prices increased by 45.3%. Despite the cedi losing about 10% against the dollar this year, imported inflation remained unchanged at 2.4%. Regional differences exist, with the Northern Region recording a negative 0.5% inflation rate, indicating prices were lower than a year ago. The inflation rate remains below the Bank of Ghana's target of 8% (plus or minus 2 percentage points).",
  "summary": "Food inflation fell to 2.8 per cent, but transport hit 14.1 per cent and services are now rising three times as fast as goods.",
  "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": "Joy Business",
        "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",
        "published": "2026-11-04T12:19:44.000Z"
      }
    ]
  },
  "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."
}