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Producer price of goods, services goes up

By Fred SARPONG Ghana Statistical Service (GSS) Producer Price Index (PPI) report for April 2011 has indicated that producers of goods and services increased their cost to wholesalers by about 25.22%, as compared to 23.46% recorded in March, for all industries. The utilities sector, which has a major influence on the index, recorded an inflation rate of 71.98% in April, this year, as against 71.96% in March. The sector increased by 0.02% last month, which was a significant figure to the overall industries index as it recorded the highest rate of inflation as at April 2011. Within the sector, electricity and water supply recorded 77.05% in April, as compared to 77.02% in March 2011. Production, transmission and distribution of electricity also recorded 77.05%, as compared to 77.02% in March 2011. Collection, purification and distribution of water maintained its rate of 13.86%. Government Statistician, Dr. Grace Bediako, who announced this in Accra, said the performance of the utilities ...