Year-on-year inflation at factory gate prices for all goods and services fell to 43.7% in March 2023, from 50.8% recorded February 2023, according to the Ghana Statistical Service.
This is in line with the Consumer Price Inflation which also fell to 45.0% in March 2023.
According to the data, the monthly producer inflation rate was 1.7%.
For the sectors, Industry recorded the highest Producer Price Inflation (PPI) of 43.3% in March 2023, compared to 57.9% in March 2022. It was followed by Construction with PPI of 18.8% and Services with PPI of 18%.
With regard to the sub-sectors, Transportation and Storage recorded the highest year-on-year PPI of 59.3%.
Electricity and Gas (57.5%); Accommodation and Food Services (47.0%) and Manufacturing (46%) also recorded PPI higher than the average producer inflation.
Latest Stories
-
JHS dropout who returned lost wallet, receives GH₵6K to return to school
2 minutes -
Full Text: Isaac Adongo’s statement on economic stability under Mahama’s reset agenda
7 minutes -
Suspect remanded following alleged machete assault on carpenter
13 minutes -
Adongo credits Ghana’s economic stability to Mahama’s leadership, dismisses NPP claims
14 minutes -
Cedi appreciation must lead to a reduction in electricity tariffs – Paul Twum Barimah tells Mahama
25 minutes -
How a joke about rice cost a Japan cabinet minister his job
25 minutes -
You stopped at nothing, and your presence was healing – Prof. Opoku-Agyemang thanks Ibrahim Mahama
32 minutes -
‘I’m hardly Bob Dylan’: Charli XCX wins songwriter of the year
37 minutes -
US Treasury confirms the end of the penny
49 minutes -
I am happy to be back – Vice President Jane Naana Opoku-Agyemang
1 hour -
They’ve threatened to impeach me; I’m happy to have you back – Mahama tells Prof Opoku-Agyemang
2 hours -
Vincent Assafuah explains GLC disciplinary procedure in petition against former AG, Godfred Dame
2 hours -
‘Principalities who wished you the worst will be disappointed’- Mahama welcomes Vice President after full recovery
2 hours -
WTISD 2025: Aya Institute urges gender-sensitive policies to bridge the digital divide
2 hours -
One arrested as missing UEW lecturer is found buried in his home
2 hours