Audio By Carbonatix
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
-
Police arrest suspect for unlawful possession and attempted sale of firearm
58 minutes -
3 arrested in connection with Tema robberies
1 hour -
Your mouth on weed is nothing to smile about
1 hour -
25% university fees hike, what was the plan all along? — Kristy Sakyi queries
3 hours -
Some OMCs reduce fuel prices; petrol going for GH¢10.86, diesel GH¢11.96
3 hours -
Trump says health is ‘perfect’ amid ageing concerns
4 hours -
China’s BYD set to overtake Tesla as world’s top EV seller
4 hours -
Joy FM’s iconic 90’s Jam returns tonight: Bigger, better, and packed with nostalgia
4 hours -
Uproar as UG fees skyrocket by over 25% for 2025/2026 academic year
6 hours -
Japan PM joins fight for more female toilets in parliament
6 hours -
Ga Mantse declares war on fishing industry child labour
7 hours -
Adom FM’s ‘Strictly Highlife’ lights up La Palm with rhythm and nostalgia in unforgettable experience
8 hours -
OMCs slash fuel prices as cedi gains
9 hours -
Around 40 dead in Swiss ski resort bar fire, police say
10 hours -
AFCON 2025: Aubameyang and Nsue make history among oldest goalscorers
11 hours