Producer Price Inflation hits 13 percent for December 2019

Inflation 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 PPI calculates and represents the average movement in selling prices from domestic production over time.

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.

With respect to the monthly changes, Mining and quarrying sub-sector recorded the highest inflation rate of 2.8 percent, followed by Manufacturing sub-sector with 1.6 percent.

The Utilities sub-sector recorded the lower inflation rate of 0.1 percent