Ghana’s year-on-year Producer Price Index fell to 46.7% in September as compared to the August rate of 48.3%.
Mr Anthony Amuzu, Chief Statistician and Director of Surveys and Census Organisation of Ghana Statistical Service, at a media briefing in Accra on Wednesday gave a provisional figure of 1.2 per cent as the month-to-month change in PPI from August 2014 and September 2014.
He said the utilities sub-sector recorded the highest year-on year producer price inflation rate of 76.1 per cent in September 2014, which suggests a 0.3 percentage point increase over the August 2014 rate, followed by the mining and quarrying sub-sector with 50.6 per cent.
According to him, in September 2014, the producer price inflation in the mining and quarrying sub-sector decreased slightly by -0.1 percentage points over the August 2014 rate of 50.7 per cent, to record 50.6 per cent in September 2014.
Mr Amuzu said manufacturing, which constitutes more than two-thirds of total industry, increased by 2.3 percentage points to record an inflation rate of 39.6 per cent.
He said the explanation to these monthly changes in the producer price indicated that mining and quarrying recorded a monthly inflation rate of 2.1 per cent, while manufacturing recorded 1.2 per cent, with the utility sub-sector recording the lowest monthly rate of 0.2 per cent.
Mr Amuzu assigned factors such as increases in utility prices, and also fluctuations in petroleum prices over the period which might have affected production in these sub-sectors.
Latest Stories
-
Takoradi traders lament over low sales ahead of Easter
2 hours -
Michael Ampadu: One Student, One Tablet initiative will shape the future of education and innovation
2 hours -
I will partner you for development – Alan tells TUC
2 hours -
Malnutrition, anemia remain concern to UNICEF
2 hours -
Kasoa shrinking penis: Court remands Electrician over false alarm
2 hours -
‘I look forward to working closely with President-elect Faye to enhance Ghanaian-Senegalese relations’ – Akufo-Addo
3 hours -
Girl, 8, only survivor as 45 killed in bus crash in South Africa
4 hours -
Biden to host star-studded NYC fundraiser with Obama and Clinton
4 hours -
GDNR, AAU and others launch Universal Acceptance for local languages in internet domain names
4 hours -
Ogum and Kotoko’s March malaise
6 hours -
BushGang Zee releases new afro dancehall anthem “Accra Stay By Plan”
7 hours -
2 repair vessels dispatched for undersea cable repairs – says NCA’s latest update
7 hours -
Multimedia Group Limited’s Clinton Yeboah shortlisted for 2 International Sports Press Association Awards
7 hours -
Supreme Court upholds High Court verdict on fraudulent sale of property by Senior Police Officer
7 hours -
NHIS Biometric Membership Authentication System limited rollout satisfactory – NHIA Deputy CEO
7 hours