(Xinhua) -- Ghana's consumer inflation rate surged to 54.1 percent in December, a record high, the Ghana Statistical Service (GSS) said Wednesday.
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Samuel Kobina Annim, the government statistician at the GSS, who announced the increase at a press briefing, said the rise in the inflation rate was due to the increasing prices of food and non-food items during the month under review.
"Food with a 43.1 percent share in the inflation basket increased by 59.7 percent in December from 55.3 percent in November," said Annim.
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He added that non-food items, with a 56.9 percent share of the inflation basket, recorded an inflation rate of 49.9 percent in December compared with 46.5 percent during the previous month.
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Meanwhile, inflation for locally produced items and imported items stood at 51.1 percent and 61.9 percent, respectively.
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Ghana has been confronted by soaring inflation and continuous currency depreciation since the beginning of last year, prompting the government to begin negotiations with the International Monetary Fund to seek a bail-out package of 3 billion U.S. dollars to support the ailing economy.
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