Business News of Thursday, 23 January 2020Source: www.classfmonline.comProducer Price Inflation hits 13 percent for December 2019The PPI calculates and represents the average movement in selling prices from domestic productionInflation from the producer perspective inched up as the Producer Price Inflation (PPI) for December last year was 13%, the Ghana Statistical Service (GSS) has announced. This rate is 3.1 percentage points higher than the rate recorded in November 2019, 9.9%, the GSS said in a statement on Wednesday. The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 33.7 percent, followed by Utilities sub-sector with 12.8 percent. The manufacturing sub-sector however recorded the lowest year-on-year producer inflation of 8.8 percent. The Utilities sub-sector recorded the lower inflation rate of 0.1 percent

Source: GhanaWeb January 23, 2020 12:11 UTC