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…