Ghana’s producer price inflation (PPI) saw a significant decline in November 2024, according to the latest data from the Ghana Statistical Service (GSS).
The PPI rate for November stood at 26.9%, marking a 6.1 percentage point decrease from October’s rate. This decline indicates a slowdown in the pace at which prices are rising at the production level.
The month-on-month change in the PPI between October and November was -1.9%, further highlighting the easing of producer inflation.
The industrial sector, excluding construction, saw a notable decrease in inflation, dropping from 48.9% in October to 41.3% in November. The construction sector also recorded a reduction, with producer inflation falling from 34.5% in October to 31.1% in November. However, inflation in construction remained above the national average of 26.9%.
Source:TheDotNews