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Business News of Thursday, 20 February 2020

Source: classfmonline.com

Producer Price Inflation up 0.3% to 13.3% for industries


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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.

The PPI for December 2019 was, however, 13%.

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%

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