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December 2022 inflation hits 51.4 percent

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The inflation rate for December 2022 hit 54.1 percent.

According to the Ghana Statistical Service, the general price level was 54.1% higher than in the same period in 2021.

Food inflation was the highest with 59.7%.

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The figure went up from 55.3% for that of November to the current figure.

Inflation for locally produced items was 51.1 while that for imported items stood at 61.9%

Speaking at a press conference on Wednesday, the Government Statistician, Professor Samuel Kobina Annim said for the year-on-year basis, water went up by over 94%.

This was followed by fruit and vegetable juices which stood at 84.6%.

The Greater Accra Region was the region with the highest inflation of 66.7% with the Bono region being the region with the lowest inflation of 35.6%.

By: Rainbowradioonline.com/Ghana

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