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Ghana's PPI falls to 14.3 pct in March

Xinhua, April 27, 2016 Adjust font size:

Ghana's producer price index (PPI), which measures wholesale inflation, fell to 14.3 percent in March from 14.5 percent the previous month, Ghana Statistical Service (GSS) said here on Wednesday.

The monthly change rate for March, according to Baah Wadieh, a Deputy Government Statistician, was 0.8 percent.

After recording 43.9 percent inflation in February, the utilities sub-sector (16.28 percent share of all-industry) fell 0.5 percentage points to record a year-on-year inflation of 43.4 percent.

"Manufacturing, the highest industry sector with 69.75 of all industry, which had recorded an inflation rate of 9.8 percent in February, rose 0.3 percentage points to record a yearly inflation rate of 10.1 percent," said Wadieh.

Mining and quarrying, with 13.97 percent share in all-industry, also fell by 1.6 percentage points to record a 6.9 percent inflation year-on-year in March, added the statistician. Enditem