The Ghana Statistical Service reported a decrease in the Producer Price Inflation to 25.1% for September, reflecting a 3.1% decline.
Additionally, the month-on-month change in PPI between August 2023 and September 2023 was 2.7%.
Within the manufacturing sector, the PPI for September was recorded at 16.0%.
Thirteen sub-sectors, including textile manufacturing (68.9%), pharmaceutical production (66.1%), and non-metallic mineral products manufacturing (50.1%), exhibited inflation rates surpassing the manufacturing average.
In the Services sector, the rate rose from 15.5% in August 2023 to 16.1% in September 2023.
In the construction sector, the PPI declined to 26.6% in September 2023 from 30.4% in August 2023.
Inflation in ten subsectors was higher than the 16.1% national average.
Activities related to information services had a PPI of 24.1%, air transportation 64.0%, and postal and courier 47.3%.
The following industries had rates higher than the national average: water supply, sewerage, and waste management (27.6%), mining and quarrying (33.5%), transportation and storage (28.8%), and electricity and gas (50.9%).