The Government Statistician Professor Samuel Anim has announced that inflation rate for October was 40.4 per cent.

He said at a press conference in Accra on Wednesday November 8 that the rate was at the back of increase in food prices.

Food inflation recorded the highest rate among all the components as against non food inflation according to the Ghana Statistical Service.

The increase by food inflation indicates a jump of more than 3 percent from the previous rate of 37.2.