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Producer Price Inflation rises to 33.5% in May – GSS

The Producer Price Inflation (PPI) for the month of May 2022 was 33.5% percent, the Ghana Statistical Service (GSS), has announced on Wednesday June 22.

Andy Frimpong Manso by Andy Frimpong Manso
June 23, 2022
in Business, General, Local News, News, Opinion, Review, Top Stories
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Producer Price Inflation rises to 33.5% in May – GSS
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The Producer Price Inflation (PPI) for the month of May 2022 was 33.5% percent, the Ghana Statistical Service (GSS), has announced on Wednesday June 22.

This indicates that the rate is 2.1 percentage points higher than the rate recorded in April 2022 (31.4%), the GSS said.

Monthly Producer Price Inflation between April 2022 and May 2022 was 3.6 percent.

The Year-on-Year Producer Price Inflation across the sub-sectors for May 2022 were as follows: Manufacturing :  45 percent, Mining and Quarrying 23.9 percent, Utilities 1.1 percent

PPI-Presentation_May-2022-1Download

The monthly Producer Price Inflation across the sub-sectors for May 2022 were as follows: Manufacturing :  6.4 percent Utility:  0.0 percent Mining and Quarrying :  -4.6 percent.

The Producer Price Index (PPI) measures the average change over time in the selling prices of goods and services as received by domestic producers.

Tags: Ghana Statistical ServiceGSSProducer Price Inflation




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