Inflation Remains Unchanged At 9.8 Percent

Inflation remained unchanged in January from the December 2012’s rate of 9.8 percent.

This means price of goods and services within the aforementioned period were relatively stable.

However, the monthly rate was up marginally by 2.1 percent.

The Food and non-alcholic beverages group recorded an inflation rate of 3.9 percent, the same as December 2012.

The non-food group however recorded 11.5 percent inflation rate compared with 11.6 percent in December.

Dr. Nyarko told XYZ Business that the relative stability of the Ghana Cedi contributed to the unchanged rate.

Meanwhile, the Greater Accra region recorded the highest inflation rate of 11 percent followed by the Central, Northern and Ashanti regions.

Volta region recorded the least inflation of 5.8 percent.