Ghana's consumer inflation for November of this year reached 54.1%%, according to the Ghana Statistical Service (GSS).

The November 50.3% figure was increased to 54.1% in December.

According to the Ghana Statistical Service, the consumer price index tracks changes in the cost of a predetermined basket of products and services that households typically purchase.

It further said the assumption is that the basket is purchased each month, hence as the price changes each month, the total price of the basket will also change.

In a press release sighted by GhanaWeb, it said, "year-on-year inflation rate for December 2022 was 54.1%. This means that in the month of December 2022 the general price level was 54.1% higher than December 2021. Month-on-month inflation between November and December 2022 was 3.8%."

Food inflation shot up from 55.3% to 59.7% whiles non-food inflation also rose to 49.9%.