Producer Price Inflation (PPI) for February shot up to 27.1 percent.
The rate indicates that between February 2013 and February 2014 (year-on-year) the PPI changed by 27.1 percent representing an increase of 3.8 percentage points in producer inflation relative to the rate recorded in January of this year.
PPI recorded in January was 23.3%.
Producer price index measures the average change over time in the prices received by domestic producers for the production of their goods and services.
The utilities sub – sector recorded the highest year-on-year producer price inflation rate of 55.7 percent, followed by the manufacturing sub – sector with 27.8 percent with 27.2 percent.
The mining and quarrying sub- sector recorded an inflation rate of 3.1 percent.
By: Vivian Kai Mensah/citifmonline.com/ Ghana