Ghana’s Producer Price Inflation (PPI) rate surged to 33.0% in October 2024, up from 30.5% in September, according to the latest data from the Ghana Statistical Service (GSS). This marks a 2.5 percentage point increase over the previous month.

The month-on-month PPI rate, which tracks the average change in selling prices received by domestic producers, was 3.0% between September and October.

In the industrial sector, PPI—excluding construction—jumped from 43.3% in September to 48.8% in October. The construction sector recorded a rise to 31.5%, while the mining and quarrying sector registered the highest inflation rate at 54.3%.

At the other end of the spectrum, the water supply, sewerage, and waste management sector posted the lowest inflation rate at 4.1%, though it remains below the national average of 33.0%.

Source:TheDotNews