Ex-Factory Prices Now 39.6%

Dr Philomena Nyarko, Gov't Statistician.
Ex-Factory prices of goods and services for all industry increased on

average by 39.6 percent year-on-year in October 2014 relative to the price

level recorded in October 2013.
This rate is 7.4 percentage points lower than the 47.0 percent recorded

in September 2014.
But on a month-on-month basis, it increased by 0.9 percent in October

2014 compared to that of the preceding month.
Dr Philomena Nyarko, Government Statistician, who disclosed this to journalists yesterday in Accra, said for the mining and quarrying sector,

the producer inflation rate decreased by 1.9 percentage points in October

2014 relative to the 50.6 percent recorded for September 2014.

For the manufacturing sector, the rate for October 2014 was 0.2 percentage points higher than that for September 2014.

On utilities, she said the rate for October 2014 decreased by 48.3 percentage points relative to the rate recorded for September 2014 of 76.1 percent.

'The mining and quarrying subsector recorded the highest year-onyear

producer price inflation rate of 48.7 percent, followed by the manufacturing sub-sector with 40.3 percent.

The utilities sub-sector recorded an inflation rate of 27.8 percent.

'With respect to the monthly changes, utility recorded a monthly

inflation rate of 1.8 percent while manufacturing recorded 0.9 percent.

The mining and quarrying sub-sector recorded the lowest monthly inflation rate of -1.1 percent,' said Dr Nyarko.

BY Samuel Boadi