Accra, Jan. 24, - Ghana’s
producer price inflation rose to 8.9 percent year-on-year in December from 7.1
percent in November on petroleum prices, the Ghana Statistics Service office
said on Wednesday.
The monthly change rate was 0.9
percent.
Petroleum inflation rose to 36.4
percent from 27.7 percent in November, the Deputy Government statistician Mr
Anthony Amuzu said.
The mining and quarrying
sub-sector recorded the highest year-on-year producer price inflation rate of
19.1 percent from 14.4 percent in November, while manufacturing rose to 8.8
percent, an increase of 1.6 percentage points higher, from 7.2 percent.
Utilities inflation for December
2017 was 0.1 percentage points lower at 0.4 percent from November’s rate of 0.5
percent.
With respect to the monthly
changes, Manufacturing recorded the highest rate of 1.5 percent.
The Utilities sub-sector recorded
no change while the Mining and quarrying sub-sector recorded the lowest rate of
-0.6 percent.
GNA
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