[ 2021-02-18 ]

Producer price inflation hits 9.1%
The Producer Price Inflation (PPI) rate for
January 2021 was 9.1 per cent, the Ghana
Statistical Service has announced.

This indicates that between January 2020 and
January 2021 (year-on-year), the PPI increased by
9.1 per cent.

It represents a 2.1 percentage point increase in
producer inflation relative to the rate recorded
in December 2020 (7.0%).

The month-on-month change in producer price index
between December 2020 and January 2021 was 3.5 per
centgigy0, indicating an increase.

The PPI in the Mining and Quarrying sub-sector
decreased by 6.1 percentage points over the
January 2020 rate of 32.2 per cent to record 26.1
per cent in February 2020.

The producer inflation for Manufacturing which
constitutes more than two-thirds of the total
industry also decreased by 2.5 percentage points
to record 8.7 per cent.

The utility sub-sector recorded an inflation rate
of 12.3 per cent for February 2020 indicating a
decrease of 0.3 percentage point over the January
2020 rate of 12.6 per cent.

Source - Class fm

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