The annual inflation rate was recently announced to have come down to 9.6% for January when prices in January 2010 are compared to prices in January 2009. This was slightly lower than a similar comparison but for the period December 2009 over December 2008 which was 9.9%.
The price increase was lower mainly on account of a slow down in the rise of food prices which went up by 3.6% in this period against a rise of 6.0% for non-food products. The overall 9.6% annual inflation recorded is generally a significant decline when contrasted to the 16.0% overall inflation rate which prevailed in January 2009.
