The Producer Price Inflation (PPI) fell to 11.1% in April 2021, from 13.0% recorded in March 2021.
This reflected the decline in Consumer Price Inflation in April 2020, which fell by 2%.
According to data from the Ghana Statistical Service, the month-on-month change in producer price index between March 2021 and April 2021 was -0.1%.
The Mining and Quarrying sub sector recorded the biggest decline in inflation, whilst the Manufacturing sub sector inflation went up marginally.
The PPI in the Mining and Quarrying sub-sector decreased by 10.8 percentage points over the March 2021 rate of 22.7% to record 11.9% in April 2021.
The producer inflation for the Manufacturing subsector, which constitutes more than two-thirds of the total industry, decreased by 0.4 percentage points to record 13.7%.
The utility subsector recorded an inflation rate of 0.2% for April 2021, indicating a marginal decrease of 0.1 percentage point over the March rate of 0.3%.
In April 2021, five out of the 16 major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 13.7%. Manufacture of motor vehicles, trailers, and semitrailers recorded the highest inflation rate of 37.3%, while the Manufacture of electrical machinery and apparatus n.e.c. and Manufacture of machinery and equipment n.e.c. recorded the least inflation rate of 0%.
Petroleum Price Index
The PPI recorded 30.6% in April 2021, from 31.0% registered in March 2021
Trends
In April 2020, the producer price inflation rate for all industry was 7.4%.
The rate increased to record 9.5% in June 2020 but declined to 9.0% in August 2020. However, the rate increased to 9.7% in September 2020, but declined consistently to record 7.0% in December 2020.
In January 2021, the rate increased to 8.7% and then to 13.0% in March 2021, but declined to record 11.1% in April 2021.
Latest Stories
-
Western Regional House of Chiefs commends Bawumia for his humility and respect for traditional authorities
11 mins -
#JustTurned18: First-time voters critical to deciding 2024 presidential election
2 hours -
Video: EC lied that the cost per voter in 2020 was $7.7; it was $12.5 – Bright Simons
2 hours -
Former IGP passes on
2 hours -
Ejisu by-election: Kwadaso MP gave money to EC officials out of goodwill – Ahiagbah
2 hours -
Millennium City: Land owner breaks silence on fatal shooting of soldier
2 hours -
Photos of 2024 Aboakyer Festival
3 hours -
#JustTurned18: I now have an opportunity to use my thumb to bring someone into power – Excited prospective voters
3 hours -
OSP acted as a whistleblower transferring Cecilia Dapaah’s case to EOCO – Sammy Darko
3 hours -
IMF calls for tariff adjustment for energy sector cost recovery
4 hours -
Samson’s Take: Journalists, block the pretentious idiots
5 hours -
Real Madrid crowned LaLiga champions after Barcelona’s defeat at Girona
5 hours -
Daniel Otting Awuah elected SRC President of Ghana School of Law
6 hours -
Lawrence Ati-Zigi signs St. Gallen contract extension
6 hours -
We should be careful not to destroy our institutions without just cause – Serebour Quaicoe
7 hours