Higher petroleum, gold prices push up Ghana's PPI to 8.2 pct in Oct.

ACCRA, Nov. 22 (Xinhua) -- Higher cost of petroleum products and higher gold prices on the world market pushed up Ghana's Producer Price Index (PPI) in October to 8.2 percent year-on-year, relative to the 7.5 percent recorded during the previous month, according to the Ghana Statistical Service (GSS) Wednesday.

The monthly Change rate for the month under review went down 1.6 percentage points to record a monthly industry inflation rate of 0.1 percent in October, relative to the 1.7 percent recorded for September.

According to Baah Wadieh, Acting Government Statistician the increase in all industry inflation rate was mainly due to increases in the inflation rate of Mining and Quarrying sub-sector and the Manufacturing sub-sector.