Accra, Ghana - October 2, 2024 - The Consumer Price Index (CPI) in Ghana surged to 21.50% in September 2024, according to the latest data released. This marks a notable increase from the 20.40% recorded in August 2024. The year-over-year comparison underscores the severity of inflationary pressures, as both indicators reflect significant jumps compared to the same months in the previous year.
The rise from August to September represents typical seasonal economic shifts, but the persistent upward trend in CPI can be alarming for policymakers and consumers alike. The Ghanaian economy continues to grapple with various inflation drivers, including global commodity prices and domestic fiscal policies.
Economists are closely monitoring these metrics to gauge the potential impacts on the broader economic landscape. The latest update, as of October 2, 2024, emphasizes the need for strategic interventions to curb the inflation rate and stabilize the economy.
