The Producer Price Inflation (PPI) rate for April 2020 was 7.4 percent. The rate represented a 0.6 percentage point increase in producer inflation relative to the rate recorded in March 2020 (6.8 per cent).

The month-on-month change in producer price index between March 2020 and April 2020 was 1.5 per cent.

This was in statement from the Ghana Statistical Service and copied to the Ghana News Agency in Accra on Tuesday.

According to the statement, Professor Samuel Kobina Annim, the Government Statistician explained that the Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 38.0 per cent, followed by the utility sub-sector with 12.1 per cent.

The Manufacturing sub-sector recorded the lowest year-on-year producer inflation rate of 0.5 per cent.

For the monthly changes, Prof Anim said the mining and quarrying sub-sector recorded the highest inflation rate of 8.9 per cent, followed by manufacturing sub-sectors with 0.3 per cent.

The Utility sub-sector recorded the least inflation rate of 0.1 per cent.

The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleJuabeso DCE donates to three health institutions.
Next articleSMEs storm NBSSI office in Ho for stimulus package
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.


Please enter your comment!
Please enter your name here