Ghana’s Petroleum sector recorded -4% producer inflation in December last year, the Ghana Statistical Service (GSS) has announced on Wednesday January 20, 2021.
The GSS explained that “The producer inflation rate in the petroleum sub- sector was 8.2 percent in December 2019.
“However, the rate increased continuously to record -0.3 percent in September 2020 and declined to record -5.0 percent in November 2020. The rate increased to record -4.0 percent in December 2020.”
The producer price inflation in the Mining and Quarrying sub-sector decreased by 2.5 percentage points over the November 2020 rate of 34 percent to record 31.5 percent in December 2020.
The utility sub-sector decreased marginally by 0.1 percentage points over the November 2020 rate of 0.3 percent to record 0.2 percent.