PPI for November drops to 26.9%

Latest data from the Ghana Statistical Service reveals that the Producer Price Inflation rate for November has decreased to 26.9% down from the 33% recorded in October.

This rate represents a 6.1 percentage point decrease in producer inflation relative to the rate recorded in October 2024.

The month-on-month change in the PPI between October 2024 and November 2024 was -1.9 per cent.

The Producer Price Index measures the average change over time in the selling prices of goods and services received by domestic producers.

According to the data, the PPI in the industrial sector excluding the construction sector decreased from 48.9% in October 2024 to 41.3% in November 2024.

The rate in the construction sector decreased to 31.1 percent in November 2024. In the Services sector, the rate was 12.5 percent in November 2024.

Mining and quarrying (41.9%), accommodation and food service activities (32.5%), transportation and storage (31.7%), and construction (31.1%) recorded inflation rates above the national average (26.9%).In
contrast, water supply, sewerage, and waste management activity recorded the lowest rate of 5.0 percent in November 2024.

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