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PPI DECEMBER, 2012

PPI DECEMBER, 2012. Release of the DECEMBER 2012 PPI by BAAH WADIEH ag. DEP. government statistician (TECHNICAL SUPPORT). IN THIS RELEASE, WE…. Present indicators on producer inflation for December, 2012 Annual change in Producer Price Index (PPI) for December 2012 (year-on-year)

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PPI DECEMBER, 2012

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  1. PPI DECEMBER, 2012

  2. Release of the DECEMBER 2012 PPI by BAAH WADIEH ag. DEP. government statistician (TECHNICAL SUPPORT) PPI Press Release, December 2012

  3. IN THIS RELEASE, WE… • Present indicators on producer inflation for December, 2012 • Annual change in Producer Price Index (PPI) for December 2012 (year-on-year) • Monthly change in PPI PPI Press Release, December 2012

  4. The Producer Price Index (PPI) • 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. • The PPI for Ghana: • Relates prices in a particular month to those of the base period, September 2006 • The PPI and corresponding inflation rates are presented for: • All industry (total industry), with breakdown for three major sub-sectors • Mining and quarrying • Manufacturing • Utilities (electricity and water) PPI Press Release, December 2012

  5. Inflation in Industry(Producer Price Inflation) • Year-on-year inflation in ex-factory prices of goods was 17.1 percent. • That is, ex-factory prices of goods for all industry increased on average by 17.1 percent in December 2012 relative to the price level recorded in December 2011. • The monthly change rate was -0.4 percent. • This means that compared to November 2012, the PPI decreased by 0.4% in December 2012. PPI Press Release, December 2012

  6. PPI November 2012 – December 2012 p:provisional PPI Press Release, December 2012

  7. PPI by Sub-Sector, December 2012 The data in this table are provisional PPI Press Release, December 2012

  8. Changes in sub-sectors’ inflation • Mining and quarrying: the producer inflation rate increased by 8.0 percentage points relative to the rate recorded in November 2012 (19.6%). • Manufacturing: the rate for December 2012 was 0.3 percentage points higher than that for November 2012. • Utilities: The rate for December 2012 was 1.4 percentage points lower than that of November 2012. PPI Press Release, December 2012

  9. Sector Trends in Producer Inflation (%) December 2011 – December2012 PPI Press Release, December 2012

  10. Five major groups in manufacturing recorded inflation rates above the sector average (19.3%) in December 2012 (19.3%)

  11. Inflation trend in petroleum industry PPI Press Release, December 2012

  12. Recap PPI Press Release, December 2012

  13. Highlights • The year-on-year inflation from the producer’s perspective for all industry was 17.1%. in December 2012. This rate is 1.3 percentage points higher than that for November 2012. • The monthly inflation rate recorded for December 2012 was -0.4%, and lower than that of November, 2012 (-0.3%). • Mining and quarrying recorded the highest year-on-year inflation rate of 27.6%, followed by Manufacturing (19.3%), and Utilities (1.5%). • The monthly changes in the producer price index indicated that Manufacturing recorded a marginal increase of 0.1 percent whiles Mining and Quarrying recorded a negative inflation rate (-2.3%). There was no change in the Utilities subsector. PPI Press Release, December 2012

  14. END OF DECEMBER 2012 PPI PRESS RELEASE PPI Press Release, December 2012

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