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
-
Gov’t pledges protection and compensation for journalists harmed in the line of duty
8 minutes -
Christmas Eve crash kills four at Twifo Ntafrewaso
21 minutes -
Kofi Owusu Peprah unveils ‘M’aseda’ music video featuring Diana Hamilton
23 minutes -
GIADEC dismisses claims gov’t plans to award Nyinahin Bauxite concessions to Ibrahim Mahama
49 minutes -
Ghana Celebrates Hanukkah: A Festival of Light and Freedom
1 hour -
IMF seeks 3-month extension of Ghana’s Programme
1 hour -
Government secures $200m World Bank support to end double-track system – Haruna Iddrisu
1 hour -
GJA raises alarm over court order restraining investigative reporting
2 hours -
Ghana Embassy delegation visits Ghanaian detainees at ICE facility in Pennsylvania
2 hours -
The Licensure Fallacy: A misplaced narrative on WASSCE performance
2 hours -
Front-runner to be Bangladesh PM returns after 17 years in exile
3 hours -
NICKSETH recognised as Best Building & Civil Engineering Company of the Year 2024/2025 by GhCCI
3 hours -
MISA Energy rebrands in Kumasi, pledges better service and sustainability
3 hours -
Kenyasi assault case: Woman handed 15-month jail term for injuring child
5 hours -
Mahama’s trust well placed, I remain focused on fixing education – Haruna Iddrisu
5 hours