March PPi inches down to 3.7%

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The Producer Price Inflation (PPI) for March 2018 was 3.7 percent, Mr Anthony Amuzu, Deputy Government Statistician has revealed.

This rate represents a 1.8 percentage point decrease in producer inflation relative to the rate recorded in February 2018 – 5.5 percent.

The month-on-month change in producer price index between February 2018 and March 2018 was -0.3 percent

This rate indicates that between March 2017 and March 2018 (year-on-year), the PPI increased by 3.7 percent.

The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 5.8 percent, followed by the Manufacturing sub-sector with 4.2 percent.

The Utilities sub-sector recorded the lowest year-on-year producer inflation of -0.6 percent.

With respect to the monthly changes, Manufacturing recorded the highest inflation rate of -0.2 percent followed by utilities sub-sector with -0.5 per cent. Mining and quarrying sub-sector recorded the lowest rate with -0.6 percent.

Source:Myjoyonline.com

 

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