Producer price inflation rate for March is 16.5%
The producer price inflation rate in March 2024 is 16.5%
This rate indicates that between March 2023 and March 2024 (year-on-year), the PPI increased by 16.5 per cent, representing a 4.4 percentage point increase in producer inflation relative to the rate recorded in February 2024 (12.1%).
The month-on-month change in the PPI between February 2024 and March 2024 was 4.3 per cent.
The PPI measures the average change over time in the prices received by domestic producers to produce their goods and services.
The producer price inflation in the industry sector, excluding the construction sector, increased to 20.7 per cent in March 2024 from 11.8 per cent in February 2024.
The rate in the construction sector increased to 56.5 per cent in March 2024.
In the services sector, the rate decreased from 13.6 per cent in February 2024 to 7.6 per cent in March 2024.
The Construction (56.5%), Electricity and Gas (27.0%), Mining and Quarrying (26.7%), and Accommodation and Food Services Activities (20.9%) recorded inflation rates above the national average (16.5%), while Information and Communication activity recorded the lowest rate of 6.2 per cent in March 2024.
Source: classfmonline.com
Trending News
Cocobod trial: RM&E Dir. schools Chief State Attorney in court
10:55Today's 'dumsor' due to rainstorm – ECG
10:14UE/R: Bembisi youth spearhead construction of modern classroom block for local school
06:53UW/R: I can’t’ve the man I defeated as my successor – Akufo-Addo tells Wa Naa
13:24NDC to officially introduce Prof Naana Opoku-Agyemang as running mate tomorrow
10:15Changing basic school uniforms to blue and white needless - Educationist
10:46Election stakeholders schooled on Internet shutdown
10:32Lift veil on assets declared by public officials – Osafo-Maafo
14:33Ejisu By-Election: I’m not a traitor, NDC people appreciate me, focus on solving your internal issues – Independent candidate tells NPP
06:542024 polls: Bawumia begins nationwide campaign today without a running-mate
06:05