Tag: Producer Price Inflation
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Producer Price Inflation drops to 43.7% in March 2023
The Ghana Statistical Service has reported a decrease in the year-on-year inflation at factory gate prices for all goods and services to 43.7% in March 2023, down from 50.8% in February 2023. This decline is consistent with the Consumer Price Inflation which also fell to 45.0% in March 2023. The data shows a monthly producer…
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Producer Price Inflation drops to 50.8% in February 2023
Recent data from the Ghana Statistical Service, GSS, indicates that the Producer Price Inflation (PPI) for the month of February, 2023 fell marginally to 50.8%, from the 52.1%, recorded last month. Producer price inflation is the average prices of goods and services received by domestic producers for their production activities. This figure represents a 1.7…
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Producer Price Inflation decreases marginally to 52.1% in January 2023
Recent data from the Ghana Statistical Service, GSS, indicates that the Producer Price Inflation (PPI) for the month of January, 2023 fell marginally to 52.1%, from the 52.2% recorded in December 2022. Producer price inflation is the average prices of goods and services received by domestic producers for their production activities. Per the latest data…
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Producer Price Inflation rises sharply — Now at 65.25% in October
THE Producer Price Inflation (PPI) which measures the average change over time in the selling prices of goods and services as received by domestic producers shot up to 65.2 per cent in October. This was up from the 45.6 per cent recorded in September and clearly signals what is to be expected of consumer inflation…
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Producer Price Inflation rises again by 4.7% to hit 38% in June
Producer Price Inflation continues to go up as latest data from the Ghana Statistical Service indicates that the average cost of inputs received by domestic producers for the production of their goods and services for the month of June rose by 38 percent. This rate indicates that between June 2021 and June 2022 (year-on-year), the…
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Producer Price Inflation rises again to hit 33.5% in May 2022
Producer price inflation, the average price of goods and services received by domestic producers for their production activities, for the month of May, has risen to 33.5 percent. This rate represents a 2.1 percentage point increase in producer inflation relative to the 31.4 percent recorded in April 2022, and a 21.7 percentage point increase relative…
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BoG must be innovative in dealing with rise in PPI – AGI
The Association of Ghana Industries (AGI) is calling on the government through the Bank of Ghana to be more innovative in its approach to dealing with the continuous surge in producer price inflation. Currently, the cost incurred by producers of goods and services in the country stands at 31.2 percent. According to the President of…
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Manufacture of petroleum products push PPI to 31.2% in April
Recent data from the Ghana Statistical Service show that producer price inflation, the average price of goods and services received by domestic producers for their production activities, for the month of April has risen by 1.1% to a record 31.2%. This increment was mainly influenced by the manufacturing sub-sector, which constitutes more than two-thirds of…
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Manufacturing sub-sector pushes PPI for March 2022 to 29.3% from 21.4%
The year-on-year producer price inflation for March 2022 has risen to 29.3 percent, according to data from the Ghana Statistical Service. This rate represents a 7.9 percentage point increase in the average price of goods and services received by domestic producers in the country for their production activities relative to the 21.4 percent recorded in…
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Producer Price Inflation rises from 14.7% to 15.6% in January 2022
The year-on-year Producer Price Inflation (PPI) for all industries for the first month of 2022 has risen to 15.6 percent, up from the 14.7 percent recorded in December 2021. The rate represents a 0.9 percentage point increase in the average price of goods and services received by domestic producers in the country for their production…