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Producer inflation drops to 10.1 percent for the month of June 2021

The year-on-year Producer Price Inflation (PPI) for all industry dropped from 11.8 percent in May to 10.1 percent in June.

This shows that PPI decreased by 1.7 percentage points in June 2021.

Also, month-on-month producer inflation rate between June and May 2021 was 1.1 percent compared to 2.0 percent between May 2021 and April 2021.

This was disclosed by the Government Statistician, Prof Samuel Kobina Annim at a press briefing in Accra.

He said manufacturing sub-sector recorded 12.8 percent, the highest year-on-year PPI in the month of June, 2021 ­­­

He added that five out of the sixteen major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average rate of 12.8 percent.

He said the mining and quarrying sub-sector recorded the second highest year-on-year inflation rate of 9.5 percent compared to 12.7 percent recorded in May 2021.

“The utility sub-sector recorded 0.1, the lowest PPI rate for June 202”, he added.

He disclosed that producer inflation rate in the petroleum sub-sector declined by 5.5 percent in June 2021 as compared the figure recorded in May 2021.

Content created and supplied by: A-news (via Opera News )

PPI Samuel Kobina Annim

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