Inflation rate drops to 13.3%

The inflation rate for January 2017 is 13.3 per cent, a drop from the 15.4 percent recorded in December 2016, Government Statistician Baah Wadieh has announced.

Food inflation dropped to 7 percent while the nonfood inflation also dropped to 16.6 percent.

Among the regional differentials, the Upper West Region recorded the highest combined inflation rate of 14.0 percent with the Volta Region recording the lowest regional inflation of 11.6 percent.

Mr Wadieh also explained that the inflation rate for January 2017 is the lowest since December 2013.