PPI drops – Business Week Ghana https://businessweekghana.com Accurate Relevant Revealing Thu, 23 Jan 2025 15:53:48 +0000 en-US hourly 1 https://businessweekghana.com/wp-content/uploads/2024/06/236876004_233005352166311_6788365974847027779_n-150x150.jpeg PPI drops – Business Week Ghana https://businessweekghana.com 32 32 PPI drops; ends December 2024 at 26.1% https://businessweekghana.com/ppi-drops-ends-december-2024-at-26-1/ Thu, 23 Jan 2025 15:53:48 +0000 https://businessweekghana.com/?p=61841 The latest data from the Ghana Statistical Service indicates that the Producer Price Inflation (PPI) rate for December 2024 decreased to 26.1%, down from 27.0% recorded in November 2024.

This reflects a 0.9 percentage point drop in year-on-year producer inflation. The month-on-month change in the PPI between November 2024 and December 2024 was -1.4%.

According to the data, producer inflation in the industrial sector, excluding the construction sector, declined from 41.4% in November 2024 to 40.2% in December 2024.

The rate in the construction sector also decreased to 29.6%, while the services sector recorded a significant drop to 6.8% in December 2024.

Among the activities, mining and quarrying registered the highest inflation rate at 42.8%, followed by accommodation and food service activities at 30.5%, and construction at 29.6%.

In contrast, water supply, sewerage, and waste management recorded the lowest inflation rate of 5.0% in December 2024.

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

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