The Producer Price Inflation rate for June 2024 climbed to 25.9% from 23.6% in May 2024, according to the most recent data from the Ghana Statistical Service (GSS).
This rate shows that the rate increased by 25.9% between June 2023 and June 2024.
Compared to the rate observed in May 2024, the increase denotes a 2.5 percentage point spike in producer inflation.
Between May 2024 and June 2024, there was a 2.7% month-over-month change in the rate.
The average change in selling prices of goods and services received by domestic producers over time is measured by the Producer Price Index.
The data shows that in the industry sector that does not include the construction sector, the producer price inflation went from 28.5 percent in May 2024 to 29.4 percent in June 2024.
In June 2024, the rate in the construction industry rose to 29.4%. From 11.4 percent in May 2024 to 12.2 percent in June 2024, the services sector’s rate rose.
The activities related to water supply, sewerage, and waste management recorded the lowest inflation rate of 2.6% in June 2024, while the activities related to mining and quarrying, construction, lodging, and food services recorded rates above the national average.