Ghana’s Annual Producer Price Index rises to 19.51%

The Annual Producer Price Index (PPI) rises 0.58 percentage points in August, bringing the year on year change to 19.51 percent, the Ghana Statistical Service said on Wednesday.

This shows a monthly change of 0.74 per cent over the 18.93 per cent recorded in July.

The manufacturing sector, which has the biggest share of 69.75 per cent, of all industry, saw a slight dip in inflation to 7.38 per cent from 7.56 per cent in July.

On the other hand, mining and quarrying sector with 13.97 per cent share of all industry, recorded an annual inflation rate of 20.17 per cent, up from 19.19 per cent the previous month.

Annual inflation continues to rise in the utilities sector. The sector, which includes production, transmission and distribution of electricity, collection and distribution of water, registered a slight increase in the rate to 71.14 percent.

The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services.

Source: GNA