Ghana’s Producer Price Inflation (PPI) surged to 33.2% in August 2024, a 4.1 percentage point increase from July’s 29.1%. The month-on-month rate stood at 2.7%.
According to the Ghana Statistical Service, industry sector inflation (excluding construction) jumped from 37.9% to 44.2%. However, construction sector inflation decreased to 27.7%, while extraction of crude and natural gas sector inflation dropped to 33.4%.
In contrast, mining of metal ores saw a significant inflation increase to 71.7% from 54.2% in July. Mining support service activities recorded an inflation rate of 42.9%.
These changes reflect shifts in producer prices across various sectors, impacting Ghana’s economy.
Ruth Abla ADJORLOLO
