Home News Producer Price Inflation reached 12.8% in December 2021

Producer Price Inflation reached 12.8% in December 2021


The manufacturing sector remains key for Ghana's development The manufacturing sector remains key for Ghana’s development

2021 ends with a PPI of 12.8% – Statistical Service

Manufacturing sub-sector recorded highest year-on-year PPI rate, GSS

Utility sub-sector recorded no change in the monthly inflation

The Producer Price Inflation (PPI) for December 2021 reached 12.8 percent, the Ghana Statistical Service has revealed.

This rate represents a 0.8 percentage decrease in producer inflation as compared to the November 2021 rate of 13.6 percent.

According to the Government Statistician, Dr. Samuel Kobina Annim, the month-on-month change in PPI between November 2021 and December 2021 was -0.2 percent.

“The Manufacturing sub-sector recorded the highest year-on-year producer price inflation rate of 19.2 percent, followed by the Utility sub-sector with 0.2 percent. The Mining and Quarrying sub-sector recorded the lowest year-on-year producer inflation rate of 0.1 percent,” the GSS boss said.

On the changes in monthly inflation, the latest GSS release shows the utility sub-sector recorded no change (0%). This was then followed by the manufacturing sub-sector which recorded a monthly inflation rate of -0.1 percent in December 2021.

However, Mining and quarrying recorded the least monthly inflation of -0.8 percent.

The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services.

Source link


Please enter your comment!
Please enter your name here