
Ghana's annual producer price inflation (PPI) dipped by 3.4 percentage points to record 34.2 percent in December from 37.6 percent in the previous month, said the Ghana Statistical Service (GSS) on Wednesday.
Mining and quarrying sectors, which account for 13.97 percent of all industries, hit a record year-on-year inflation rate of 43.3 percent, a 2.7-percent increase from the previous month.
Inflation for the manufacturing sector, the largest industrial sub-group with 69.75 percent share of all industries, fell by 6.1 percentage points to a record 33.1 in December.
Inflation for the utilities sector, which account for 16.28 percent of all industries, dropped slightly by 0.1 percentage points from 27.6 percent in November to a record 27.5 percent in December.
The PPI had risen consistently for nine months until it peaked at 48.6 percent last August, and then started its downward trend.
Five out of the 16 major groups in the manufacturing sub-sector recorded inflation rates higher than the group average of 33.1 percent in December.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor