March PPi inches down to 3.7%

The Producer Price Inflation (PPI) for March 2018 was 3.7 percent, Mr Anthony Amuzu, Deputy Government Statistician has revealed.
This rate represents a 1.8 percentage point decrease in producer inflation relative to the rate recorded in February, 2018 – 5.5%.
ALSO READ: I’m single and free from oppression – Shatta Michy declares
The month-on-month change in producer price index between February 2018 and March 2018 was -0.3 percent.
This rate indicates that between March 2017 and March 2018 (year-on-year), the PPI increased by 3.7 percent.
The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 5.8 percent, followed by the Manufacturing sub-sector with 4.2 percent.
ALSO READ: 2 Social Welfare staff arrested for stealing, selling baby
The Utilities sub-sector recorded the lowest year-on-year producer inflation of -0.6 percent.
With respect to the monthly changes, Manufacturing recorded the highest inflation rate of -0.2 percent followed by utilities sub-sector with -0.5 per cent. Mining and quarrying sub-sector recorded the lowest rate with -0.6 percent.
ALSO READ: Audio: Why don’t you push gay agenda to the Arab countries – Methodist bishop to May