Producer Price Inflation increases sharply to 16.5%
The year-on-year inflation rate at ex-factory prices for all goods and services was 16.5% in March 2024, the Ghana Statistical Services has disclosed. This is compared with 12.5% in February 2024. Meanwhile, the month-on-month producer inflation rate was 4.3%. According to the GSS, the Construction sector registered the highest year-on-year inflation of 56.5%, followed by Electricity and Gas (27.0%) and Mining and Quarrying (26.7%). Water Supply, Sewerage, Waste (7.4%); Manufacturing (7.1%), and Information and Communication (6.2%) registered the lowest year-on-year inflation. Electricity and gas recorded a 27% inflation rate for March 2024, an increase of 7.5 percentage points over the...
