{"id":1207888,"date":"2022-09-20T15:12:38","date_gmt":"2022-09-20T15:12:38","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/20\/producer-price-inflation-hits-46-in-august-2022\/"},"modified":"2022-09-20T15:12:38","modified_gmt":"2022-09-20T15:12:38","slug":"producer-price-inflation-hits-46-in-august-2022","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/20\/producer-price-inflation-hits-46-in-august-2022\/","title":{"rendered":"Producer Price Inflation hits 46% in August 2022"},"content":{"rendered":"

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The Producer Price Inflation (PPI) for the month of August 2022 went up by 4.8 percentage points to 46.0%.<\/p>\n

According to the Ghana Statistical Service, the month on month change in the producer price between July and August was also 4%.<\/p>\n

The Manufacturing sub-sector recorded the highest year-on year producer inflation rate of 61.7%, followed by the Mining and Quarrying sub-sector with 35.7%.<\/p>\n

The Utility sub-sector recorded 1.7% inflation rate for August 2022.<\/p>\n

In August 2022, one out of the 16 major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 61.7%.<\/p>\n

Manufacture of coke, refined petroleum products and nuclear fuel recorded the highest inflation rate of 170.3%, with the Manufacture of machinery and equipment recording the least inflation rate of 3.7%.<\/p>\n

PPI trends in petroleum sub-sector<\/strong><\/p>\n

The producer inflation rate in the petroleum sub- sector was 25.3% in August 2021. After that, it increased continuously to 58.4% in November 2021, but dropped to 36.0% in January 2022.<\/p>\n

Between February and August 2022, the rate increased consistently from 44.3% to 170.3%.<\/p>\n

The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services.<\/p>\n

Tags: \u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Producer Price Inflation (PPI) for the month of August 2022 went up by 4.8 percentage points to 46.0%. According to the Ghana Statistical Service, the month on month change in the producer price between July and August was also 4%. The Manufacturing sub-sector recorded the highest year-on year producer inflation rate of 61.7%, followed […]<\/p>\n","protected":false},"author":1,"featured_media":1207889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[9255,312,227,169,2701],"class_list":["post-1207888","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-august","tag-hits","tag-inflation","tag-price","tag-producer"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1207888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1207888"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1207888\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1207888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1207888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1207888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}