Producer price inflation for March 2020 declines to 6.8%

The Ghana Statistical Service (GSS) has said that the Producer Price Inflation (PPI) rate for March 2020 was 6.8%.

Producer Price Inflation for March down by over 3%

This is a 3.7 percentage point decrease in PPI compared to February 2020’s rate of 10.5%.

This rate also indicated that between March 2019 and March 2020 (year-on-year), the PPI increased by 6.8%.

The PPI in the mining and quarrying sub-sector decreased by 2.4 percentage points over the February 2020 rate of 26.1% to record 23.7% in March 2020.

The producer inflation for Manufacturing which constitutes more than two-thirds of the total industry also decreased by 4.7 percentage points to record 2.1%.

The utility sub-sector saw an inflation rate of 12.2% for March 2020. This is a decrease of 0.1 percentage point over the February 2020 rate of 12.3%.

Ten out of the sixteen major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 2.1%.

The manufacture of machinery and equipment recorded the highest inflation rate of 24.7%. Meanwhile, the manufacture of coke, refined petroleum products, and nuclear fuel recorded reduced inflation of -9.6%.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Here are the 5 worst cities to live in Africa, according to Economist Intelligence Unit report

Here are the 5 worst cities to live in Africa, according to Economist Intelligence Unit report

10 African countries with the largest foreign exchange reserves

10 African countries with the largest foreign exchange reserves

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

These 6 countries have the highest unemployment rates in Africa

These 6 countries have the highest unemployment rates in Africa

Top 10 happiest countries in Africa in 2022

Top 10 happiest countries in Africa in 2022

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

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job