Ghana Oct. PPI moderates to 2.8 percent on lower crude prices

Lower crude oil prices on the world market has had its pull-down effect on the Producer Price Index in Ghana.

0
Ghana statistical Service
Ghana statistical Service

The October industry inflation rose 2.8 percent in October, down 2 percentage points relative to the 4.8 percent rise in September, the Ghana Statistical Service (GSS) said here on Wednesday.

Ghana statistical Service
Ghana statistical Service

The monthly change rate was -0.7 percent compared with 2.1 percent monthly inflation rate recorded in September.

Acting Deputy Government Statistician, Anthony Amuzu, attributed the moderated PPI growth last month to lower inflation in the manufacturing and utilities sectors. Enditem

Source: Xinhua

Send your news stories to newsghana101@gmail.com and via WhatsApp on +233 244244807 Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here