
Audio By Carbonatix
The Ghana Statistical Service (GSS) on Wednesday said the Producer Price Inflation (PPI) for January rose to 23.14 per cent from 17.79 per cent in December, 2010.
The all industry monthly inflation is 5.90 per cent with specific industries such as mining and quarrying sector recording a monthly change of -0.41 per cent in January, while the manufacturing sector recorded 8.3 per cent followed by the utilities 0.01 per cent.
On year-on-year basis, inflation rate for the three sectors, the utilities recorded the highest inflation rate of 71.81 per cent, while the mining and quarrying sector recorded 25.99 per cent and the manufacturing sector recording 11.41 per cent.
Mr Ebo Duncan, Head of Economic Statistics, said there was a big jump in inflation in the petroleum industry in January after a decline in November last year.
In January, inflation in the petroleum industry jumped to 23.39 per cent.
He said five out of the 16 major groups in the manufacturing sector recorded inflation rates higher than the manufacturing sector average of 11.41 per cent.
Manufacture of electrical machinery and apparatus recorded the highest inflation rate 47.71 per cent, whiles manufacture of wood, wood products and cork recorded negative inflation rate of 2.64 per cent.Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Netherlands Fire Chief in Ghana to support fire safety reforms and market fire prevention efforts
4 hours -
Mason goes on remand for stealing
4 hours -
Gov’t cuts fuel taxes, deploys buses to curb impact of rising fuel prices
5 hours -
Interior Minister calls for intelligence-driven strategy as Ghana strengthens counter-terrorism efforts
5 hours -
Adenta Circuit Court remands Pastor William Gyimah over viral threats against Vice President
6 hours -
“We’ve implemented changes to prevent a repeat of the AFCON final” – CAF President Motsepe
6 hours -
Gov’t orders deployment of Metro Mass buses to cushion commuters amid fuel price hike
7 hours -
Key Indian state polls begin in test for Modi’s party
7 hours -
Playback: Gomoa Easter Carnival in photos
7 hours -
Gov’t orders removal of fuel taxes to ease pump price hikes
7 hours -
“Whatever the decision of CAS, we will respect it” – CAF President Motsepe after AFCON final meetings in Morocco
7 hours -
Emma Ankrah: When waiting becomes part of treatment – Reflections on hospital care
7 hours -
Ghana urges travellers to prepare for new EU border system roll-out
7 hours -
Mahama enforces fuel coupon ban for ministers as cabinet moves to slash fuel taxes
7 hours -
Task force probes strange fish deaths in Tema
8 hours