[ 2016-09-28 ]

August PPI hits 11.1 %
The Producer Price Inflation (PPI) which measures
the prices of goods at the production level has
hit 11.1 percent for August 2016.

By this, the figure inched up marginally from the
revised 10.4 percent recorded in July 2016 to 11.1
percent in August.

The monthly change rate for August 2016 was
negative 3.3 percent.

The utilities subsector recorded the highest
year-on-year producer price inflation rate of 36.0
percent, followed by the Mining and Quarry
subsector which recorded 28.4 percent.

But the manufacturing sub sector recorded the
lowest year on year PPI of 2.5 percent.
The figure, which were released by the Ghana
Statistical Service (GSS) showed that the
manufacturing sector recorded the lowest monthly
change rate of negative 4.7 percent.

Also, the Mining and Quarry sub sector recorded a
monthly change rate of negative 0.1 percent, while
the utilities subsector remained unchanged.

The GSS attributed the increase in utilities like
fuel price hikes and performance in the
manufacturing sector for the increase .

Source - citibsinessnews.com

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