Producer Price Inflation Hits 13 Percent For December 2019
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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.
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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