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Economic indicators Producer Inflation drops to 10.6% for July

The PPI for July represented a 12.5% decrease relative to June 2015.

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Government Statistician, Philomina Nyarko play

Government Statistician, Philomina Nyarko

The year -on-year Producer Price Inflation for  July 2015 was 10.6 per cent from June's 23.1 per cent for all industries. This was revealed by government statistician, Philomina Nyarko in a press briefing to announce the Producer Price Index.

The PPI for July represented a 12.5% decrease relative to June 2015.

The manufacturing sector recorded the highest year-on-year of  13.5 per cent followed by the utilities sub-sector with 7.3 per cent.

According to Dr. Nyarko, the mining and quarrying sector recorded the lowest year-on-year inflation rate of 1.5 per cent.

She said the monthly changes in the producer price index  indicated that  manufacturing recorded highest inflation rate of 3.1 per cent followed by the utilities sub-sector with 0.16 per cent.

Mining and quarrying recorded the lowest with -18.3 . The PPI measures the average change over time with reference to September 2006 as base point, as well as the annual year-on-year changes.

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