Wednesday, March 26, 2014

Ghana producer price inflation doubles in 2 months

Ghana's annual producer price inflation rose sharply for a second month in February to 27.1 percent year-on-year from 23.3 percent in January, due mainly to utility price hikes and the depreciation of the cedi currency. Ghana's producer price inflation has nearly doubled over the past two months from 15.3 in December.

It is watched as an advance indicator of Ghana's consumer price inflation, which rose to a fresh three-year high of 14.0 percent in February. "The utilities sector

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