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 inflation rate of 1.7%.
In March 2023, Industry had the highest Producer Price Inflation (PPI) at 43.3%, compared to 57.9% in March 2022, followed by Construction with PPI of 18.8% and Services with PPI of 18%.
Transportation and Storage had the highest year-on-year PPI of 59.3% among the sub-sectors.
Source: Ghana Business