Ghana’s inflation hits 54.1% in December

The rate of inflation, which is the rise in prices of goods and services over a specific period of time, rose from 50.3% in November to 54.1% in December.

This is the rate’s 20th straight increase, a move that is predicted to have an effect on the already high loan rates as well as other economic indicators.

The housing, water, electricity, gas, and other fuels section, which registered an inflation rate of 82.34 percent, was the main contributor to last month’s inflation.

Source: Ghanatodayonline.com