Ghana’s
Producer Price Inflation (PPI) rate for April 2020 stood at 7.4 per cent
representing a 0.6 percentage point increase in producer inflation relative to
the rate recorded in March 2020 (6.8 per cent).
The month-on-month change in producer price
index between March 2020 and April 2020 was 1.5 per cent.
This was in a statement from the Ghana
Statistical Service and copied to the Ghana News Agency in Accra on Tuesday.
According to the statement, Professor Samuel
Kobina Annim, the Government Statistician explained that the Mining and
Quarrying sub-sector recorded the highest year-on-year producer price inflation
rate of 38.0 per cent, followed by the utility sub-sector with 12.1 per cent.
The manufacturing sub-sector recorded the lowest
year-on-year producer inflation rate of 0.5 per cent.
For the monthly changes, Prof. Anim said the
mining and quarrying sub-sector recorded the highest inflation rate of 8.9 per
cent, followed by manufacturing sub-sectors with 0.3 per cent.
The Utility sub-sector recorded the least
inflation rate of 0.1 per cent.
The Producer Price Index (PPI) measures the
average change over time in the prices received by domestic producers for the
production of their goods and services. GNA
