PPI For March Hits 10.7%

Prices of manufacturing items pushed the Producer Price Inflation up in March.

The PPI shot up marginally to record 10.7 percent.

The month on-month change in producer prices between February and March was 2.6 percent.

While the utilities sub sector recorded virtually an unchanged rate of inflation, mining and quarrying recorded a negative monthly change in inflation.

During the last 12 months the producer inflation in the petroleum sub sector exhibited a downward trend until March of this year when it increased by 12.5 percentage points.

Comments