February Producer Price Inflation 21.4%

The Producer Price Inflation rate for February 2022 was 21.4 per cent, the Ghana Statistical Service has announced.

This rate indicates that between February 2021 and February 2022 (year-on-year), the PPI increased by 21.4 per cent.

This rate represents a 4.6 percentage point increase in producer inflation relative to the rate recorded in January 2022 (16.8%).

The month-on-month change in producer price index between January 2022 and February 2022 was 3.9 per cent.

The producer price inflation in the Mining and Quarrying sub-sector increased by 11.6 percentage points over the January 2022 rate of 2.2 per cent to record 13.8 per cent in February 2022.

The producer inflation for the manufacturing sub-sector, which constitutes more than two-thirds of the total industry, increased by 4.0 percentage points to record 28.8 per cent.

The utility sub-sector recorded a 0.5 per cent inflation rate for February 2022.

Source: Classfmonline.com

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