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Producer Inflation drops to 10.6% for July

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

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.

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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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