According to GSS, the marginal increase in all industry inflation rate was as a result of an increase in inflation rate in the manufacturing sub-sector. “The producer inflation for Manufacturing, which constitutes more than two-thirds of the total industry, increased by 1.9 percentage points to record 5.9 percent,” the Service indicated. Under the manufacturing sector, the manufacture of motor vehicles, trailers and semi-trailers recorded the highest inflation rate of 16.6 percent, while the Manufacture of coke, refined petroleum products, and nuclear fuel recorded the least inflation rate of -0.3 percent. The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services. TrendsIn September 2019, the producer price inflation rate for all industry was 9.1 percent.

Source: GhanaWeb October 22, 2020 02:37 UTC