Latenu Fm

Latenu Fm


    Producer price inflation drops to 7.1% in November


    The Producer Price Inflation (PPI) for Ghana reached 7.1 percent in November 2017.

    This represents a 1.2 percent drop in the 8.3 percent recorded in October 2017.

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

    The Acting Government Statistician, Baah Wadieh explained to journalists that the increased activities in the mining and quarrying subsector led to the drop in the producer inflation.

    “In December 2015, the Mining and Quarrying subsector’s inflation declined to record 15.6 percent but declined consistently to record 20.8 percent in March but declined again to 4.1 percent in July 2017. Since then the rate has increased consistently to record 14.4 percent in November 2017,” he said.

    Meanwhile the Mining and quarrying subsector recorded the highest inflation of 14.4 percent.

    This was followed by the Manufacturing and Utilities subsectors with 7.3 and 0.5 percent respectively.

    During the month of November, five out of the sixteen major groups in the manufacturing sub sector recorded inflation rates higher than the sector average of 7.3 percent.

    These include the manufacture of coke, refined petroleum products (27.7%); the manufacture of machinery and equipment (26.1%); manufacture of motor vehicles, trailers and semi-trailers (20.4%).

    Others are the manufacture of basic metals (14.4%) as well as the manufacture of furniture (11.5%).

    Meanwhile the producer price inflation for petroleum subsector was -0.2 percent in November 2016.

    It has experienced mixed growth and in November 2017, it declined to 27.7% from the 36.9% recorded in October 2017.



    SOURCE: Ghanaweb

    Related Articles


    Ghana Transport and Logistics awards launched

    The Ghana Transport and Logistics awards (GLOTA) to honour excellence and outstanding achievements in transport sector  has been launched in Accra. The awards to be held on March 24, 2018 is aimed at enhancing efficiency, improve productivity, quality service and personnel in the transport sector. It is being jointly organised[…]

    Read More »

    Guinness Ghana adjudged CSR Company of the Year

    Guinness Ghana Breweries Limited (GGBL), has been adjudged the Corporate Social Responsibility (CSR) Company of the year at the 7th Ghana CSR Excellence Awards held in Accra. The company beat off competition from other top CSR-aligned companies to win the award. The awards was in recognition of Guinness’ commitment to building thriving[…]

    Read More »

    Leave a Reply

    Your email address will not be published. Required fields are marked *