[ 2016-01-28 ]

Producer price inflation rises to 10.5 per cent in December
Accra, Jan. 27, GNA - The year-on-year inflation
from the Producer Price Index (PPI) for all
industry rose to 10.5 per cent in December 2015,
up by 7.5 percentage points.

It rose from the 3.0 per cent recorded in November
on the back of high utility tariffs.

Dr Philomena Nyarko, Government Statistician, told
a news conference on Wednesday that the utilities
sub-sector recorded an inflation rate of 56.6 per
cent in December 2015, indicating an increase of
51.3 percentage points over November 2015 rate of
5.3 per cent.

The monthly change in the producer price index
from November to December was 6.2 per cent.

The mining and quarrying sub-sector fell 2.5
percentage points over the November 2015 rate of
7.3 per cent, to record 4.8 per cent in December
2015.

Manufacturing, which constitutes more than
two-thirds of total industry, increased by 1.8
percentage points to record 3.5 per cent.

With respect to the monthly changes, utilities
sub-sector recorded the highest inflation rate of
48.8 per cent, followed by the manufacturing
sub-sector with negative 0.3 per cent.

The mining and quarrying recorded the lowest rate
of negative 1.4 per cent.

Source - GNA

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