Producer Price Inflation Archives

21 Nov

Producer Price Inflation Rate Increases To 33.0% In October

wontumionlineBusinessProducer Price Inflation

The latest data from the Ghana Statistical Service (GSS) indicates that the Producer Price Inflation (PPI) rate rose to 33.0% in October 2024, up from 30.5% in September 2024, reflecting a 2.5 percentage point increase. On a month-to-month basis, the producer price inflation rate between September and October was 3.0%. The PPI tracks the average change over time in the prices domestic producers receive for their goods and services. In the industrial sector, the PPI—excluding the construction sector—increased from 43.3% in September to 48.8% in October 2024. The construction sector also recorded an increase, with inflation rising to 31.5% in…

Producer Inflation Falls Marginally To 52.1% In January 2023

wontumionlineBusinessGhana Statistical Service, Manufacturing, Mining and Quarrying, Producer Price Inflation

The Producer Price Inflation (PPI) for January 2023 fell marginally to 52.1%, from 52.2% recorded in December 2022. According to data from the Ghana Statistical Service, the Mining and Quarrying (68.2%), Transport and Storage (62.6%) and Manufacturing (53.3%) recorded rates above the national average, while Information and Communication Activity recorded the lowest rate of 1.2% in January 2023. However, the month-on-month change in the PPI between December 2022 and January 2023 was 0.9%. Mining and Quarrying The PPI in the Mining and Quarrying sub-sector decreased by 5.3 percentage points over the December 2022 rate of 73.4% to 68.2% in January…

Producer Price Inflation Shoots Up By 19.3% To 65.2% In October 2022

wontumionlineBusinessGhana Statistical Service, Producer Price Inflation, Services Producer Price Index

The Producer Price Inflation (PPI) rate for October 2022 inched up to 65.2%, a 19.3 percentage points increase relative to the rate recorded in September 2022 (45.9%). According to the Ghana Statistical Service, the month-on-month change in the PPI between September and October 2022 was 15.4%. Excluding the construction sector, the PPI increased to 75.6% in October 2022, from 54.5% in September 2022. The rate in the construction sector declined from 25.1% in September 2022 to 23.0% in October 2022. In the Services sector, the rate increased from 5.6% in September 2022 to 10.0% in October 2022. Mining and quarrying…