For the first time in six months, ex-factory prices shot up because of the increase in utility tariffs.
The Producer Price Inflation (PPI) for June 2010 was 19.42 percent, a 3.28 percentage point increase.
This translates to a monthly change rate of 10.41 percent as against 1.02 percent in May 2010.
The rise in the PPI, which measures the average change over time in the prices received by domestic producers for the production of goods and services, indicates that the prices of goods produced by industries have gone up significantly.
With the exception of manufacturing, mining and quarrying sectors, the utilities sub-sector recorded high inflation rates, according to figures released by the Ghana Statistical Service (GSS) yesterday.
Manufacturing, the most important industrial sub-sector with 69.75 percent share of all industry, recorded an inflation rate of 7.47 percent during the period, compared with 18.39 percent in May 2010.
10 out of 16 groups recorded inflation rates higher than the average in the manufacturing sector.
Publishing, printing and reproduction of recorded media posted the highest inflation rate while manufacture of motor vehicles, trailers and semi trailers, and manufacture of wood and wood products and cork recorded negative inflation rates.
Mining and quarrying, with 13.97 percent share, recorded an inflation rate of 23.48 percent, which is higher than the figure in May 2010.
Inflation rate for utilities, which include production, transmission and distribution of electricity and collection, purification and distribution of water, recorded inflation rate of 71.38 percent.
The sub-sector recorded the highest monthly change rate.
Between May and October 2009, producer inflation for the manufacture of petroleum products recorded a negative inflation rate.
It however recorded a positive rate thereafter, with the highest rate for the last 12 months being December 2009.
By Charles Nixon Yeboah
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