Year on year industry inflation (PPI) for July rose to 10.3 percent in July from 7.6 percent recorded in June, a 2.7 percentage points higher on the back of rising gold prices.
That is, ex-factory prices of goods and services for all industry increased on average by 10.3 percent in July 2016 relative to the price level recorded in July 2015.
Government Statistician, Dr Philomena Nyarko attributed the rise to the inflation in the Mining and Quarrying sector.
Month-on-month inflation between June and July stood at 0.9 per cent relative to 1.2 percent for the previous period May to June.
Year-on year inflation in the Mining and Quarrying sector was 30. 4 percent, an increase of 30.3 percentage points in July 2016 relative to the rate recorded in June 2016 (0.1 per cent).
Manufacturing was 1.0 per cent annual while Utilities sector recorded the highest was 36.6 percent annual.
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