Fresh data from the Ghana Statistical Service (GSS) indicates that the Producer Price Inflation (PPI) rate climbed to 33.0 percent in October, compared to 30.5 percent in September 2024.
The data reflects a 2.5 percentage point rise in the PPI over the period. As stated by the GSS, the month-on-month PPI rate between September and October stood at 3.0 percent.
In the industrial sector, the PPI, excluding the construction segment, rose significantly from 43.3 percent in September 2024 to 48.8 percent in October 2024.
The construction sector, on the other hand, experienced an increase, reaching 31.5 percent in October 2024, while the mining and quarrying sector recorded the highest inflation rate at 54.3 percent.
In contrast, the water supply, sewerage, and waste management sector saw the lowest inflation rate, recorded at 4.1 percent in October, though this was still above the national average of 33.0 percent.
The Producer Price Index serves as a measure of the average change over time in the prices domestic producers receive for their goods and services.