Inflation in Ghana Producer Inflation for September drops to 9.7%

This rate represents 1.4 percentage point lower than the 11.1% rate recorded in August 2016.

  • Published:
Government Statistician, Philomina Nyarko play

Government Statistician, Philomina Nyarko

24/7 Live - Subscribe to the Pulse Newsletter!

The Producer Price Inflation rate for September 2016 has dropped to 9.7%, the Ghana Statistical Service has said.

This rate represents 1.4 percentage point lower than the 11.1% rate recorded in August 2016.

Changes in sector inflation

For mining and quarrying, the producer price inflation decreased by 6.2 percentage point over the August 2016 rate of 28.4 percent to record 22.2% in September 2016.

For manufacturing, the producer inflation decreased by 12.2 percentage points to record 1.3%.

According to the deputy government statistician Baah Wadieh, the utilities sub-sector recorded an inflation rate of 38.2% in September 2016 indicating an increase of 2.2 percentage point over the August 2016 rate of 36.0%.

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%.

The manufacturing sub-sector recorded the lowest year-on-year inflation rate of 1.3%.

He said the monthly changes in the producer price index indicated that the manufacturing sub-sector recorded the highest rate of 0.9% followed by the utilities sub-sector with 0.7%.

The mining and quarrying sub-sector recorded the lowest rate of 0.4%.

Mr Baah Wadieh said the drop in rate for the mining and quarrying sub-sector and the manufacturing sector resulted in the September rate falling.

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.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public againbullet
2 MoMo Ghanaians to make int’l payments with mobile money as MTN...bullet
3 Nepotism In Ghana NLA boss awards sister-in-law 11 contracts in one daybullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Prisons Recruitment Prison Service extends recruitment exercisebullet
6 2018 World Happiness Report Somalia is a happier place to live...bullet
7 Banking In Ghana Ghanaian banks resist the use of crypto...bullet
8 Police Service Debt Vodafone cuts off line to Ghana Police...bullet
9 Menzgold Ghana Investment company closes down its Gold...bullet
10 Nima Flagstaff House We'll return to vote for you in...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Money Alert Meet Africa's richest womanbullet
3 Support Finance minister buys Kantanka carbullet
4 Forbes 2018 Africa's billionaires rich listbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 Plane Crash Starbow suspends operations following plane...bullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet