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Business News of Thursday, 23 January 2020


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