{"id":280320,"date":"2016-12-28T12:54:25","date_gmt":"2016-12-28T12:54:25","guid":{"rendered":"http:\/\/citifmonline.com\/?p=280320"},"modified":"2016-12-28T12:54:25","modified_gmt":"2016-12-28T12:54:25","slug":"producer-price-inflation-shoots-up-to-11-9","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/12\/producer-price-inflation-shoots-up-to-11-9\/","title":{"rendered":"Producer Price Inflation shoots up to 11.9 %"},"content":{"rendered":"
Ghana’s Producer Price Inflation (PPI) for November 2016 reached 11.9 percent, from the 9.7 percent recorded in October.<\/p>\n
[contextly_sidebar id=”O1AQIRwms00ZohoXc9wDU6mHqUlYDvAY”]This represents a 1.2 percent increase in the PPI figures recorded between the one month period.<\/p>\n
According to the Ghana Statistical Service, the utility subsector recorded the highest year on year inflation of 38.3 percent.<\/p>\n
It was followed by mining and quarrying subsector\u2019s 19.4 percent.<\/p>\n
Meanwhile the manufacturing sector recorded the lowest PPI; 4.9 percent, in November this year.<\/p>\n
Acting Government Statistician, Baah Wadieh who announced the figures further stated that ten out of the sixteen major food groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 4.9 percent.<\/p>\n
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Also, manufacturing of wood and cork recorded the highest inflation rate of 48.1 percent while manufacturing of basic metals recorded the lowest producer price inflation rate of negative 0.8 percent.<\/p>\n
However, the producer inflation rate in the petroleum sub-sector has increased from negative 33.6 percent in November 2015 to negative 0.2 percent in November 2016.<\/p>\n