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
-
Ghana to retain cotton banknotes under new Heritage Series – BoG
1 minute -
Lebanese Community awards scholarships to eight Ghana School of Law students
4 minutes -
NPP’s path to victory lies in unity – Boakye Antwi
9 minutes -
Divers recover a total of 52 bodies from capsized ferry in Indonesia after a dayslong search
19 minutes -
UNESCO urges Ghanaian journalists to mine archives for richer reporting
19 minutes -
Educational accountants hold workshop on financial discipline to avert PAC sanctions
24 minutes -
Devtraco Group launches Lotus residential development
31 minutes -
3rd JoyNews-Republic Bank Habitat Clinic kicks off at Junction Mall, Nungua
31 minutes -
KMA cracks down on unapproved transport fares; engages 24 unions ahead of Christmas
34 minutes -
The rise of fast food in Ghana
46 minutes -
No new denominations beyond GH¢200 under Heritage Series – BoG
52 minutes -
Police train 45 personnel ahead of Traffitech-GH rollout on October 1
54 minutes -
Asanko Gold expands agric support programme to 80 farmers in Ashanti Region
60 minutes -
DR Congo running short of health workers as Ebola outbreak intensifies, WHO saysÂ
1 hour -
GBA condemns attempted arrest of Manhyia South MP at Accra High Court
1 hour