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10.12.2014 Business & Finance

Inflation rises to 17percent; highest since 2010

By Myjoyonline.com | IE
Inflation rises to 17percent; highest since 2010
10.12.2014 LISTEN

Inflation is still on the rise in the country. The rate increased to 17 percent in November - the highest since March 2010.

It however represents a 0.1 percent increase from the 16.9 percent rate recorded in October, the Ghana Statistical Service announced this today.

The non-food group recorded a marginal increase in inflation rate from 24% to 24.1% in November. The increment was mainly driven by housing, water and electricity which recorded an inflation rate of 36.2%.

Education recorded the lowest inflation rate of 9%.

Food inflation inched up marginally from 6.5% to 6.6% which was driven by coffee, tea and cocoa which recorded an inflation rate of 20.5%.

In Greater Accra, inflation hit 16.3% as against 19.5% in the Central region with the Upper West region recording the lowest at 13.1%.

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