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Producer Price Inflation shoots up to 29.1% in July 2024

PPI

The Producer Price Index (PPI) rate for July 2024 was 29.1%, a 3.5 percentage point increase over that of June 2024.

The month-on-month change in the PPI between June 2024 and July 2024 was 3.7%.

The producer price inflation in the industry sector excluding the construction sector increased from 32.3% in June 2024 to 37.9% in July 2024.

The rate in the construction sector also increased to 30.5% in July 2024.

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