Mining and Utilities push up Ghana’s PPI to 19.5 percent in April

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Food Prices
Food Prices

The rate of increase in the prices of goods and services at the factory gate or the Producer Price Index (PPI) went up 0.3 percentage points to record an annual industry inflation rate of 19.5 percent in April, relative to the 19.2 percent recorded in March, the Ghana Statistical Service announced here on Wednesday.food prices
The month-on-month change in producer price index between March and April 2015 was 2.8 percent, compared to the 0.9 percent recorded for the period between February and March, Philomena Nyarko, Government Statistician, told the media.
The PPI for Ghana relates prices in a particular month to those of the base period, September 2006.
Mining and quarrying sector, with 13.97 percent share in all- industry, recorded the highest inflation of 27.1 percent in April 2015 having moved up 4.2 percentage points over the March 2015 rate of 23.0 percent.
Manufacturing, which constitutes more than two-thirds (69.75 percent) share of all-industry, decreased by 2.3 percentage points relative to the 19.0 percent in March to record 17.0 percent inflation for April 2015.
The Utilities sub-sector (16.28 percent share of all-industry) rose 4.9 percentage points over the March 2015 figure of 15. 8 percent to record inflation rate of 20.7 percent in April 2015. Enditem

-Xinhua

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