Producer Price Inflation up 0.3% to 13.3% for industries - News Summed Up

Producer Price Inflation up 0.3% to 13.3% for industries


Business News of Thursday, 20 February 2020Source: classfmonline.comProducer Price Inflation up 0.3% to 13.3% for industriesThe PPI for December 2019 was, however, 13%The Producer Price Inflation for all industries hit 13.3% in January 2020. This was a result of the mining and quarrying sub-sector, which witnessed a significant increase in inflation. According to figures from the Ghana Statistical Service, the mining and quarrying sub-sector recorded the highest year-on-year PPI rate of 32.2%, followed by the utility sub-sector with a 12.6% rate. The Manufacturing sub-sector recorded the least year-on-year PPI rate of 9.6%With respect to the monthly changes, the mining and quarrying sub-sector recorded the highest inflation rate of 3.4%. The utility sub-sector recorded the lowest inflation rate of -0.1%


Source: GhanaWeb February 20, 2020 07:41 UTC



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