October Inflation

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Business / Economics

Economic Growth Slows As Inflation Declines According To BoN

Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November.  

today18 December, 2024

Africa

Ghana’s Consumer Inflation Climbs to 22.1% in October

  Ghana's consumer inflation rose for the second consecutive month in October, reaching 22.1% year-on-year, up from 21.5% in September, according to the country's statistics service. Reuters says, a government statistician shared that both food and non-food inflation had increased during the month. He highlighted that three sectors—food and non-alcoholic beverages, housing, water and fuel, and transport—accounted for about two-thirds of the overall inflation rate for October.

today7 November, 2024