PPI for October shoots to 65.2% - The World's Biggest Pride
Home / BUSINESS NEWS / Finance / PPI for October shoots to 65.2%

PPI for October shoots to 65.2%

File photo

The Producer Price Index (PPI) for October 2022 rose to 65.2% up from the 45.9% recorded in September.

The report from the Ghana Statistical Service (GSS) indicates that between October 2021 and October 2022, year-on-year, the PPI increased by 65.1%, representing a 19.3 percentage points increase in producer inflation relative to the rate recorded in September 2022: 45.9%.

The month-on-month change in the PPI between September and October 2022 was 15.4%.

“Mining and quarrying (86.4%), manufacturing (73.1%), transport and storage (71.4%) recorded the highest rates, while information and communication activity recorded the lowest rate of 1.4% in October 2022,” the GSS report released on Wednesday, November 16, 2022 said.


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.


Source: classfmonline.com

About admin

Check Also

This is how much govt has paid Databank for bond advisory services since 2017

Databank, a company partly owned by the Minister of Finance, Ken Ofori-Atta has reportedly bagged …

Five banks to collapse over debt exchange programme

The Minority in Parliament says the ongoing debt exchange programme will not augur well for …

Pensioners to be excluded from debt exchange programme – Ken Ofori-Atta hints

  Minister of Finance, Ken Ofori-Atta, has provided the strongest hint yet, that pensioners will …

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By : XYZScripts.com