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
-
Haruna Iddrisu didn’t approve gender identity content – Education Ministry
8 minutes -
‘We are not for sale’: Thousands rally in Greenland and Denmark against Trump’s annexation threat
12 minutes -
Deputy Education Minister directs GES to act on video of SHS students displaying charms
28 minutes -
From camouflage to tracksuits – Guinea’s junta leader becomes civilian president
37 minutes -
Iran supreme leader admits thousands killed during recent protests
55 minutes -
Judiciary to roll out court decongestion measures, galamsey courts – Chief Justice
2 hours -
Ugandan leader to extend 40-year rule after being declared winner of contested poll
3 hours -
Residents demand action on abandoned Salaga–Kumdi–Kpandai road
3 hours -
Ghana, Japan explore ways to deepen long-standing bilateral ties
3 hours -
Ghana Navy foils illegal fuel bunkering operation along Volta coastline
3 hours -
Gov’t assures minimal power disruption during WAPCo gas pipeline maintenance
3 hours -
Burna Boy and Sporty Group unveil new single “For Everybody” celebrating Africa’s sports heritage and cultural excellence
4 hours -
Achieve By Petra partners Richie Mensah to drive financial independence
4 hours -
Kwakye Ofosu says cost of living eased under Mahama government
5 hours -
Total banking deposits stood at GH¢302.0bn in October 2025, but foreign currency deposits contracted by 21%
5 hours