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Producer Price Inflation (PPI) for the month of August hit a record high of 48.3%, the highest rate ever recorded in Ghana. The PPI rate measures the average change over time in the prices received by domestic producers for their production of goods and services. The August rate of 48.3% increased from a rate of 47.2 per cent recorded in the month of July, 2014. The monthly inflation rate was, however, at 1.7 per cent indicating a decline from 10 per cent recorded in July. A challenging business environment continued to shoot up prices of manufacturing companies. The sector�s inflation rate increased from 40.3 per cent to 41.9 per cent. The utilities group�s inflation declined from 76.8 per cent to 75.8 per cent. Mining and quarrying sector recorded an inflation rate of 50.7%. In this group, refined petroleum and nuclear fuel recorded the highest inflation rate of 68.6 per cent.