Audio By Carbonatix
The year-on-year inflation from the Producer Price Index (PPI) for all industry rose to 10.5 per cent in December 2015, up by 7.5 percentage points.
It rose from the 3.0 per cent recorded in November on the back of high utility tariffs.
Government Statistician, Dr Philomena Nyarko, told a news conference on Wednesday that the utilities sub-sector recorded an inflation rate of 56.6 per cent in December 2015, indicating an increase of 51.3 percentage points over November 2015 rate of 5.3 per cent.
The monthly change in the producer price index from November to December was 6.2 per cent.
The mining and quarrying sub-sector fell 2.5 percentage points over the November 2015 rate of 7.3 per cent, to record 4.8 per cent in December 2015.
Manufacturing, which constitutes more than two-thirds of total industry, increased by 1.8 percentage points to record 3.5 per cent.
With respect to the monthly changes, utilities sub-sector recorded the highest inflation rate of 48.8 per cent, followed by the manufacturing sub-sector with negative 0.3 per cent.
The mining and quarrying recorded the lowest rate of negative 1.4 per cent.
Latest Stories
-
Nearly 400 sentenced in Nigeria for links to militant Islamists
19 minutes -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
26 minutes -
Kwaku Azar writes: A-G vs OSP
59 minutes -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
1 hour -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
2 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
2 hours -
Barcelona dominate derby to extend La Liga lead
3 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
3 hours -
Importers and Exporters Association declares full support for Publican AI port system
3 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
3 hours -
Volleyball emerges as Ghana’s fastest rising sport
3 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
4 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
4 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
4 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
4 hours