Mr David Kombat, the Acting Deputy Government Statistician has announced that the Producer Price Inflation (PPI) in January this year was 3.4 percent now increase by 5.4% in February. He has ascribed this to the cedi depreciation and increment in gold price.
The Acting Deputy Government Statistician said while speaking to the press conference, PPI rate increased in manufacturing sub-sector with 5.0 per cent and also 13.4 per cent in Mining and Quarrying sub-sector that was the highest year-on-year PPI rate.
Lowest year-on-year PPI was 0.2 per cent in the utility sub-sector.
According to Mr David Kombat, after the increment in PPI rate in manufacturing sub-sector, mining and quarrying sector recorded the highest inflation rate of 4.7 per cent.
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