Inflation for January 2010 dropped to 14.78 from the December 2009 figure of 15.97 percent.

The January 2010 inflation rate is the lowerest since the past 12 months.

The 14.78 recorded for January 2010 is 5.08 percentage points lower than that of January 2009 which stood at 19.86 percent, an indication of a gradual disinflationary trend.

Government Statistician Grace Bediako, who announced the rate, said the persistent drop means government's monetary and fiscal policies are impacting positively on the economy.

According to her, January's inflation could have come down even further, but for the rather high inflation recorded by the non-food component, especially recreation and culture.

Dr Bediako said inflation might continue to fall if government continues with its stabilization programmes.

Source: Joy Business/Myjoyonline.com