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Transport pushes Producer Inflation to 5.6% in September


The Producer Price Inflation surged 1.5 percentage points to 5.6% in the month of September 2022.

This was as a result of increasing inflation in the Transport and Storage sub-sector which recorded the highest year-on-year PPI of 27.3%.

This was followed by the Accommodation and Food sub-sector with 24.9%.

However Information and Communication sub-sector recorded the lowest year-on-year PPI of 0.9%.

According to figures from the Ghana Statistical Service, the Transport and Storage sub-sector recorded the highest monthly inflation rate of 4.9%, followed by the Accommodation and Food sub-sector with 4.0%.

The Information and Communication sub-sector recorded the lowest inflation of 0.1% in September 2022.

For the Transport and Storage sub-sector, the producer inflation in the air transport sub-sector increased by 22.8 percentage points from 12.7% in August 2022 to 35.5% inSeptember 2022.

The inflation for the land transport sub-sector increased by 0.3 percentage points to 33.9% in September 2022. The rate for water transport remained unchanged (48.8%) in September 2022.

Warehousing and support activities also recorded inflation of 26.4 while postal and courier activities recorded 14.4 percent.

The PPI, measures the average change over time in the prices received by domestic producers for the production of their goods and services.

With regard to Accommodation and Food Sector, food and beverage service activities recorded inflation of 20.4% in September 2022 compared to 19.0% in August 2022.


[Source: MyJoyOnline.com]

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