Inflation, the rate at which the prices of goods and services change in a given time, increased from 50.3 per cent in November to 54.1 per cent in December.
This is the 20th consecutive time the rate had increased, a development which is expected to impact the already high lending rates, among other economic indicators.
Last month’s inflation was driven by the housing, water, electricity, gas and other fuels division which recorded an inflation rate of 82.34 per cent.
more to follow…