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.
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