Producer inflation rises to 11.1% in July
That is, ex-factory prices of goods and services for all industry increased on average by 11.1 percent in August 2016 relative to the price level recorded in August 2015.
Month-on-month inflation change in producer price index between July and August stood at -3.3 per cent.
Year-on year inflation in the Mining and Quarrying sector fell by 2.0 percentage points to 28.4 per cent compared was 30. 4 per cent.
Manufacturing, which constitutes more than two-thirds of total industry, increased by 1.3 percentage points to record 2.5 per cent while the Utilities sub-sector recorded the highest of 36.0 per cent, a decline of 0.6 percentage point from the 36.6 per cent in July.
Dr Philomena Nyarko, the Government Statistician, said the inflation rate in the petroleum sub-sector increased to -16.3 per cent in August up from -19.3 per cent in July.