Business News of Thursday, 20 February 2020
Source: classfmonline.com
2020-02-20
The PPI for December 2019 was, however, 13%
The Producer Price Inflation for all industries hit 13.3% in January 2020.
This was a result of the mining and quarrying sub-sector, which witnessed a significant increase in inflation.
The PPI for December 2019 was, however, 13%.
According to figures from the Ghana Statistical Service, the mining and quarrying sub-sector recorded the highest year-on-year PPI rate of 32.2%, followed by the utility sub-sector with a 12.6% rate.
The Manufacturing sub-sector recorded the least year-on-year PPI rate of 9.6%
With respect to the monthly changes, the mining and quarrying sub-sector recorded the highest inflation rate of 3.4%.
The utility sub-sector recorded the lowest inflation rate of -0.1%