Inflation rate hits 13.8 percent
 
Posted on: 2014-Feb-12        
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The country began this year on a rather negative inflationary note by recording the highest inflation since 2010 in January.

The rate for the first month of the year was 13.8 percent - up from the 13.5 percent recorded in December last year.

This implies the rate of increase in the prices of goods and services was higher in January compared with the previous month of December.

"This rate of inflation for January 2014 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from January 2013 to January 2014," the Ghana Statistical Service said in its newsletter.

Head of Economics Statistics at the Statistical Service, Edward Esuo Afram noted that high cost of housing and transport accounted for the increase.