Home   >   Business   >   Business News   >   201509
Producer Price Inflation Falls To 4.4 Per Cent   
 
  << Prev  |  Next >>
 
24-Sep-2015  
Comments ( 0 )     Email    Print
       
 
 
 
 
 
Related Stories
 
The year-on-year inflation from the producer’s (PPI) perspective for all industry was 4.4 per cent in August 2015, representing a 5.8 percentage points decline from the 10.2 per cent recorded in July 2015.

The monthly change rate for August 2015 was -3.4 per cent.

“This means that compared to July 2015, the PPI decreased by 3.4 per cent in August 2015,” Dr Philomena Nyarko, Government Statistician, said at a press conference on Wednesday.

Dr Nyarko attributed the drop to the fall in petroleum prices during the review period.

The utilities sub-sector recorded the highest year-on-year producer price inflation rate of 8.4 per cent, followed by the manufacturing sub-sector with 4.1 per cent.

The mining and quarrying sub-sector recorded the lowest year-on-year inflation rate of 1.7 per cent.

With respect to the monthly changes, mining and quarrying recorded the highest inflation rate of 1.4 per cent, followed by the utilities sub-sector with 0.4 per cent.

The manufacturing sub-sector recorded the lowest rate of -5.3 per cent.
 
 
Source: GNA
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
Featured Video