News extract 3 Ghana inflation edges up to 42.5% in annual terms in June Ghana's inflation rate surged more than expected in December, driven by steep increases in food, transport and housing costs in the West African country. Annual inflation quickened to 54.1% in the world's second-largest cocoa producer, from 50.3% a month prior, Government Statistician Samuel Kobina Annim told reporters Wednesday in the capital, Accra. That's the seventh-highest inflation rate in the world among 120 nations, including the eurozone ... 23] [Accessed 29 September 2023] You're an economic adviser to the Central Bank and National Treasury of Ghana. With reference to news extract 3 , you have been asked to advise both institutions on the following: Page 4 of 7 ECS1601 | Assessment 05 | semester 2, 2023 UNISA (i) the type of inflation that is likely to be triggered and why (Also explain the influence of this inflation on the distribution of income and wealth among economic participants.) (ii) the appropriate steps to address the inflation mentioned above (8)