ADVERTISEMENT

Ghana’s Producer Price Inflation for November dropped to 6.5% as compared to 7.2% in October

Ghana had a drop in the Producer Price Inflation for November this year.

Acting Government Statistician, Baah Wadieh

The recorded drop was 6.5 per cent, a 0.7 percentage point decrease relative to the 7.2 per cent recorded in October.

ADVERTISEMENT

The Acting Government Statistician, Baah Wadieh made this revelation. 

He credited the drop to the decrease in the inflation rate of petroleum as well as food products.

The Producer Price Inflation measures the average change over time in prices for the production of goods and services.

According to Mr Wadieh, the manufacturing sub-sector recorded the highest year on year producer price inflation rate of 8.6 per cent followed by the Mining and Quarrying subsector with 4.7 per cent, adding that, the utility sub-sector recorded the lowest year on year producer inflation of negative 0.1 per cent.

Three out of the sixteen major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 8.6 per cent.

Manufacture of coke, refined petroleum products and nuclear fuel recorded the highest inflation rate of 30.6 per cent all within the month of November.

Meanwhile, manufacturing of machinery and equipment recorded no change.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Linet Toto excited as she unveils sleek ride after 1 month in office [Photos]

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Top 10 African countries with the highest economic prospects for 2023

Top 10 African countries with the highest economic prospects for 2023

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

ADVERTISEMENT