According to GSS, the Producer Price Inflation (PPI) rate for June 2024 has increased significantly.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Ghana Statistical Service has reported a significant increase in the Producer Price Inflation (PPI) rate for June 2024, which has risen to 25.9%, up from 23.6% in May 2024.

This marks a 2.5 percentage point surge in producer inflation over the previous month.

The month-on-month change in the rate between May and June 2024 was recorded at 2.7%.

The PPI measures the average change over time in the selling prices of goods and services received by domestic producers, serving as a key indicator of economic trends. 

Source: newsthemegh.com