Home / Business / Producer Price Inflation Rate For September 2016 Increases To 9.7 Percent

Producer Price Inflation Rate For September 2016 Increases To 9.7 Percent

The Producer Price Inflation Rate for September 2016, increased from 8.3 percent in September 2015 to 9.7 percent. This Rate indicates that, between September 2015 and September, 2016 (Year-On Year), The Producer Price Inflation (PPI) increased by 9.7 percent.

Representing a 1.4 percentage point decrease, in Producer Inflation, relative to the Rate recorded in August 2016. The Month-On-Month Change Rate, between August and September 2016, was 0.8 percent.

The Utilities Sub-Sector, recorded the highest Year-On-Year Producer Price Inflation Rate, of 38.2 percent, followed by The Mining And Quarrying Sub-Sector, with 22.2 percent.

The Manufacturing Sub-Sector, recorded the lowest Year-On-Year Inflation Rate, of 1.3 percent.

With respect to The Monthly Changes, The Manufacturing Sub-Sector, recorded the highest Rate of 0.9 percent, followed by The Utilities Sub-Sector, with 0.7 percent. The Mining And Quarrying Sub-Sector, recorded the lowest, of 0.4 percent.

Presenting the Figures, The Deputy Government Statistician, William Bah- Wradie, attributed the decrease to the relative stability of prices, of Chemical Products and The Base Drift Effect.

The Producer Price Index, measures the average Change over time, in the Prices received by Domestic Producers for The Production Of Their Goods And Services.

The PPI for Ghana, reports The Producer Price Indices, with reference to September 2006, the base period.

 

Source:radioxyzonline.com/Pious Kojo Backah.

 

Leave a Reply

%d bloggers like this: