Producer price inflation for September is 5.6%

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The Producer Price Inflation rate for September 2018 was 5.6 % between the same periods last year.

This indicates a 1.4 percentage point reduction in producer price inflation relative to the 7.0 % rate recorded in August 2018.

The month on month change in producer price index between August 2018 and September 2018 was 0.4%.

The producer price inflation in the mining and quarrying sub-sector decreased by 1.5%points over the August 2018 rate of 1.9% to record 0.4% in September 2018, whiles the producer inflation for manufacturing which constitutes more than two- thirds of total industry decreased by 1.7% points to record 8.3%.

The utilities sub-sector recorded inflation rate of -0.2% in September 2018, same as the rate recorded in August 2018.

This was announced by the acting government Statistician, Baah Wadieh, at a news conference today Wednesday 17th October, 2018.

Ghana |