The producer price inflation (PPI) rate for April 2023 was 43.9%, the Ghana Statistical Service has announced.
This rate indicates that between April 2022 and April 2023 (year-on-year), the PPI increased by 43.9%, representing a 2.1 percentage point increase in producer inflation relative to the rate recorded in March 2023 (41.8%).
The month-on-month change in the PPI between March 2023 and April 2023 was 2.8%.
The producer price inflation in the industry less construction sector increased to 43.9% in April 2023 from 41.1% in March 2023.
The rate in the construction sector increased to 20.9% in April 2023 from 18.5% in March 2023. In the services sector, the rate increased from 18.2% in March 2023 to 18.4% in April 2023.
The electricity and gas (59.0%), transportation and storage (58.9%), accommodation and food service activities (51.1%), and mining and quarrying (45.1%) recorded rates above the national average, while Information and communication activity recorded the lowest rate of 11.8% in April 2023.
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