The Producer Price Inflation rate for February 2020 was 11.8 percent.
This rate indicates that between February 2019 and February 2020 (year-on-year), the PPI increased by 11.8 percent. This rate represents a 2.7 percentage point decrease in producer inflation relative to the rate recorded in January 2020 (14.5%).
The month-on-month change in producer price index between January 2020 and February 2020 was -0.3 percent.
The producer price inflation in the Mining and Quarrying sub-sector decreased by 6.1 percentage points over the January 2020 rate of 32.2 percent to record 26.1 percent in February 2020.
The producer inflation for Manufacturing which constitutes more than two-thirds of the total industry decreased by 2.5 percentage points to record 8.7 percent.
The utility sub-sector recorded an inflation rate of 12.3 percent for February 2020 indicating a decrease of 0.3 percentage point over the January 2020 rate of 12.6 percent.
The Producer Price Index
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.
The PPI for Ghana reports the producer price indices with reference to September 2006, the base period. This release shows the annual (year-on-year) and monthly producer inflation rates for all industry and three major sub- sectors of industry (Mining and Quarrying, Manufacturing and Utilities) for the last twelve months. The figures for February 2020 are provisional and are subject to revision when additional data become available.