Producer Price Inflation, which measures the average change over time in the prices received by domestic producers for the production of their goods and services, declined to 16.6 percent in August 2012. This represents a decrease in producer inflation of 2.4 per cent points relative to the 19.0 per cent it recorded in July 2012. The month-on-month change in producer prices was 0.3 per cent, following a rate of 1.5 per cent in July 2012. The monthly changes in the producer price index indicated that mining and quarrying recorded the highest rate of 2.6 per cent, followed by manufacturing with -0.3 per cent while utilities recorded no change. The manufacturing sector recorded the highest year- on- year producer inflation rate of 18.6 per cent, followed by mining and quarrying with 16.9 per cent and utilities with 10.5 per cent. According to the Acting Government Statistician, Dr Philomena Nyarko, the decline in the rates were as a result of a decline in the three major sectors under review, namely Mining and Quarrying, Manufacturing, and Utilities. She said in august 2012, the producer price inflation in the mining and quarrying sector decreased by approximately 10.1 per cent points over the July 2012 rate of 27.0 per cent to record 16.9 per cent. Manufacturing which constitutes more than two-thirds of total industry, decreased to 18.6 per cent, from a rate of 20.0 per cent in July 2012 while the utilities sector decreased by 0.1 per cent points from the July 2012