{"id":1251741,"date":"2022-11-16T11:51:21","date_gmt":"2022-11-16T11:51:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/16\/producer-price-inflation-shoots-up-by-19-3-to-65-2-in-october-2022\/"},"modified":"2022-11-16T11:51:21","modified_gmt":"2022-11-16T11:51:21","slug":"producer-price-inflation-shoots-up-by-19-3-to-65-2-in-october-2022","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/16\/producer-price-inflation-shoots-up-by-19-3-to-65-2-in-october-2022\/","title":{"rendered":"Producer Price Inflation shoots up by 19.3% to 65.2% in October 2022"},"content":{"rendered":"

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The Producer Price Inflation (PPI) rate for October 2022 inched up to 65.2%, a 19.3 percentage points increase relative to the rate recorded in September 2022 (45.9%).<\/p>\n

According to the Ghana Statistical Service, the month-on-month change in the PPI between September and October 2022 was 15.4%.<\/p>\n

Excluding the construction sector, the PPI increased to 75.6% in October 2022, from 54.5% in September 2022.<\/p>\n

The rate in the construction sector declined from 25.1% in September 2022 to 23.0% in October 2022.<\/p>\n

In the Services sector, the rate increased from 5.6% in September 2022 to 10.0% in October 2022.<\/p>\n

Mining and quarrying (86.4%), manufacturing (73.1%), transport and storage (71.4%) recorded the highest rates, while Information and Communication activity recorded the lowest rate of 1.4% in October 2022.<\/p>\n

Services Producer Price Index<\/strong><\/p>\n

The Service Producer Price Inflation in the Transport and Storage sub-sector increased by 44.1 percentage points over September 2022 rate of 27.3% to 71.4% in October 2022. The Accommodation and food sub-sector rate increased by 17.2% percentage points to 42.1% in October 2022.<\/p>\n

The Information and Communication sub-sector recorded a 1.4%
inflation rate for October 2022 as compared to 0.9% in September 2022.<\/p>\n

Industrial Producer Price Index<\/strong><\/p>\n

The Industrial Producer Price Inflation in the Mining and Quarrying sub-sector increased by 29.0 percentage points over the September 2022 rate of 57.5% to 86.4% in October 2022.<\/p>\n

The Manufacturing sub-sector increased by 14.9 percentage points to 73.1% in October 2022.
Electricity and gas recorded a 33.7 percent inflation rate for October 2022, an increase of 10.0% over the August rate of (23.7%).<\/p>\n

The water supply, Sewerage, and Waste Management sub-sector recorded an inflation rate of 15.7%.<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Producer Price Inflation (PPI) rate for October 2022 inched up to 65.2%, a 19.3 percentage points increase relative to the rate recorded in September 2022 (45.9%). According to the Ghana Statistical Service, the month-on-month change in the PPI between September and October 2022 was 15.4%. Excluding the construction sector, the PPI increased to 75.6% […]<\/p>\n","protected":false},"author":1,"featured_media":1251743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[227,14879,169,2701,612],"class_list":["post-1251741","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-inflation","tag-october","tag-price","tag-producer","tag-shoots"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1251741","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=1251741"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1251741\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1251741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1251741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1251741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}