The year-on-year producer inflation for all industry was 4.4 percent in December 2018.
The monthly change rate was -1.2 percent.
The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 8.5 percent, followed by manufacturing sub-sector with 4.5 percent.
The utilities sub-sector recorded the lowest year-on-year producer inflation of -0.1 percent.
With respect to the monthly changes, mining and quarrying recorded the highest inflation rate of 2.9 percent, followed by Utilities the sub-sector with 0.0 percent.
The manufacturing sub-sector recorded the lowest inflation rate of -2.4.
The producer price inflation in the Mining and Quarrying sub-sector increased by 3.8 percentage points over the November 2018 rate of 4.7 percent to record 8.5 percent in December 2018.
The producer inflation for manufacturing, which constitutes more than two-thirds of total industry, decreased by 4.0 percentage points to record 4.5 percent.
The utilities sub-sector recorded the same inflation rate (-0.1) as the rate for November 2018.
Source: Daily Guide
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |