{"id":27374,"date":"2014-06-25T13:57:57","date_gmt":"2014-06-25T13:57:57","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=27374"},"modified":"2014-06-25T13:57:57","modified_gmt":"2014-06-25T13:57:57","slug":"ppi-for-may-hits-33-1","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/06\/ppi-for-may-hits-33-1\/","title":{"rendered":"PPI for May hits 33.1%"},"content":{"rendered":"
The Producer Price Inflation (PPI) for the month of May hit a record high of 33.1 percent.<\/p>\n
This is the highest rate recorded since January 2010.<\/p>\n
The Producer Price Inflation measures the prices from domestic producers for their production of goods and services.<\/p>\n
The month of May\u2019s PPI rate was up from a rate of 31.3 percent recorded in April. The Manufacturing sector recorded an inflation rate of about 27.5 percent.<\/p>\n
This sector\u2019s inflation was dominated by the manufacture of machinery and equipment subgroup which recorded staggering high rate of 76 percent.<\/p>\n
The recovery of gold prices on the international market pushed up inflation in the Mining and Quarrying sector.<\/p>\n
The sector\u2019s inflation rate increased from 10 percent recorded in April to a rate of 35 percent in May. Utilities however recorded an inflation rate of about 57 percent.<\/p>\n
<\/p>\n
By: Anim Kwaku Boadu\/citifmonline.com\/Ghana
\nFollow @boaduanim<\/a>
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