The Producer Price Inflation (PPI) for the month of March hit a rate of 27.8 percent.
This figure represents an increase from the 27.1percent recorded in February.
The monthly inflation rate was however 3.1 percent.
The Producer Price Inflation measures the change in prices from domestic producers of goods and services.
The utilities group recorded the highest year-on-year inflation rate of a staggering 56.1 percent in March 2014.
This was followed by the manufacturing sector which recorded a decrease in its inflation rate to 25 percent from 27.2percent recorded in February.
The group’s inflation continuous to be dominated by the manufacture of machinery which recorded a stunning inflation rate of 76 percent.
The Mining and Quarrying sector recorded a significant increase in inflation rate from 3.1 percent recorded in February to 14.5 percent in March 2014.
This rate was significantly impacted by the marginal increase in the global price of gold.
By: Anim Kwaku Boadu/citifmonline.com/Ghana