Source: newsthemegh.com
The Ghana Statistical Service (GSS) reports that the June 2023 Producer Price Index (PPI) rate was 29.2%.
This figure implies that the PPI climbed by 29.2% between June 2022 and June 2023 (year over year), which is 1.1 percentage points less than the producer inflation rate of May 2023 (30.3%).
Between May 2023 and June 2023, the PPI changed by 0.6 percent from month to month. In the sector of industry excluding construction, producer price inflation dropped from 32.5 percent in May 2023 to 31.3 percent in June 2023.
From 20.0 percent in May 2023, the rate in the construction sector dropped to 19.3 percent in June 2023. The rate fell from 18.1 percent in May 2023 to 17.6 percent in June 2023 in the services sector.
The average change over time in the prices domestic producers receive to produce their goods and services is measured by the Producer Price Index (PPI).
The producer pricing indices for Ghana are reported using the index reference period of March 2020 through February 2021, which equals 100.
The PPI estimate for June 2023 is tentative and is subject to change as new information becomes available. Other indicators are not conclusive.