ppi december, 2012

PPIPPI

DECEMBER, DECEMBER,

20122012

Ghana Statistical Service (GSS)

PPI Press Release, December 2012

Release of the DECEMBER 2012 PPI

by

BAAH WADIEHag. 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)

• Monthly change in PPI



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 quarryingManufacturing Utilities (electricity and water)



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 November 2012 – December 2012


p:provisional

Month

Index level Change rate (%)

Sept 2006=100 Monthly Yearly

November, 2012 p 296.4 p -0.4 p 15.8

November, 2012 rev 296.5 -0.3 15.8

December, 2012 p 295.3 p -0.4 p 17.1



PPI by Sub-Sector, December 2012

The data in this table are provisional

Sector/Sub-SectorIndex level Change rate (%)

Sept 2006=100

Monthly Yearly

Mining & Quarrying 616.8 -2.3 27.6

Manufacturing 248.3 0.1 19.3

Utilities 303.1 0.0 1.5

ALL INDUSTRY 295.3 -0.4 17.1


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.



Sector Trends in Producer Inflation (%) December 2011 – December2012



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

(19.3%)

0.0

1.8

4.4

11.4

12.3

12.5

13.0

13.7

13.8

16.4

17.2

19.4

21.9

35.9

37.3

40.1

0 5 10 15 20 25 30 35 40 45 50

Manufacture of machinery and equipment n.e.c.

Manufacture of paper and paper products

Manufacture of wood and of products of wood

Manufacture of electrical machinery and apparatus …

Manufacture of furniture; manufacturing n.e.c.

Manufacture of motor vehicles, trailers

Manufacture of chemical and chemical products

Tanning and dressing of leather

Manufacture of rubber and plastics products

Manufacture of coke, refined petroleum products

Manufacture of basic metals

Manufacture of food products and beverages

Manufacture of fabricated metal products

Manufacture of other non-metallic mineral products

Publishing, printing and reproduction of recorded …

Manufacture of textiles



Inflation trend in petroleum industry


0

5

10

15

20

25

30

Dec-11

Jan-12

Feb-12

Mar-12

Apr-12

May-12

Jun-12

Jul-1

2

Aug-12

Sep-12

Oct-12

Nov-12

Dec-12

Ghana Staistical Service (GSS)



Recap



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.



END OF DECEMBER 2012 PPI

PRESS RELEASE

ppi december, 2012

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