Ghana: April’s Producer Price Inflation Rises To 6.4%

Ghana’s year-on-year producer price inflation (PPI) across all industries rose to 6.4 percent in April from 3.7 in March, the Ghana Statistical Service said on Wednesday in Accra.

According to the statistical body, mining and quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 10.3 percent, followed by the manufacturing sub-sector with 7.2 percent.

“With respect to the monthly changes, manufacturing recorded the highest inflation rate of 1.2%, followed by the mining a quarrying sub-sector with 0.7 percent, utilities sub-sector recorded no change,” said Baah Wadieh, Acting Government Statistician.

He further noted that the rise in the rate was mainly due to higher petroleum and gold prices.

The lowest producer inflation was recorded in the utilities sub-sector, which ended the period with year-on-year inflation of 0.3 percent.

PPI is an indicator of real sector growth and Ghana, which is a major commodity exporter hopes to end 2018 with a PPI of 8.



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