Inflation went up by 9.9% to 50.3% in the month of November 2022, according to latest figures from the Ghana Statistical Service. This is the highest figure recorded in 27 years. This was expected because of fuel price increases and the cedis’ depreciation during the month under review. However, the trend may halt or reverse in December 2022 due to the recent improvement in the value of the cedi to the dollar and fall in fuel prices. According to the figures, food inflation hit 55.3%, from October’s rate of 43.7%. Non-food inflation also shot up by 7.2% to 46.5% in November 2022. Inflation for locally produced items also stood at 48.3%, whilst inflation for imported items was 55.1% in November 2022. Five groups – Housing, water, gas, electricity and other (79.1%); Furnishings, household equipment (65.7%); Transport (63.1%); Personal care, social protection and miscellaneous services (56.3%) and Food and Non-alcoholic beverages (55.3%) registered inflation rates higher than the na...