The Producer Price Inflation (PPI) rate has decreased – GSS.

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

The Ghana Statistical Service (GSS) has reported a decline in the Producer Price Inflation (PPI) rate for December 2024, which fell to 26.1%, down from 27.0% recorded in November.

This represents a 0.9 percentage point decrease in year-on-year producer inflation. On a month-on-month basis, producer prices experienced a contraction of -1.4% between November and December.

Producer inflation in the industrial sector, excluding construction, saw a decline from 41.4% in November to 40.2% in December.

Meanwhile, the construction sector experienced a reduction in inflation to 29.6%, and the services sector recorded a notable drop to 6.8%.

Source: newsthemegh.com