Producer Price Inflation drops to 6.5% in November
December 20, 2018
The drop represents a 0.7 percentage point decrease relative to the 7.2 percent recorded in October.
The Producer Price Inflation measures the average change over time in prices for the production of goods and services.
The Acting Government Statistician, Baah Wadieh attributed the drop to the decrease in the inflation rate of petroleum as well as food products.
The manufacturing sub sector recorded the highest year on year producer price inflation rate of 8.6 percent followed by the Mining and Quarrying subsector with 4.7 percent.
The utilities subsector recorded the lowest year on year producer inflation of negative 0.1 percent.