The year-on-year producer inflation rate for March 2025 has reduced to 24.4 percent, from 27.6 percent recorded in February 2025, the Ghana Statistical Service (GSS) has announced.

This indicates a slowdown in prices of goods and services quoted at the production level.

The Producer Price Index (PPI) measures the average change over time in the selling prices of goods and services as received by domestic producers and indicates that month-on-month producer inflation between February and March 2025 stood at 0.6 percent, lower than the 1.5 percent seen the previous month.

A sectoral breakdown shows that producer price inflation in the industry sector, excluding the construction sector, decreased from 42.9 percent in February 2025 to 36.3 percent in March 2025.

In the construction sector the rate declined to 15.4 percent in March 2025, while in the Services sector it stood at 7.2 percent during the same period.

The Industry sector remained the main driver of producer inflation, recording a year-on-year inflation rate of 36.3 and representing a 6.6 percentage point decrease relative to the rate recorded in February, with a month-on-month change of 0.7 percent.

Industrial producer price inflation in the Mining and Quarrying sub-sector declined by 9.2 percentage points to 35.4 percent, compared to 44.6 percent in February 2025.

The Manufacturing sub-sector increased by 2.0 percentage points to 22.8 percent in March 2025 with Electricity and Gas sub-sector recording an inflation rate of 5.1 percent representing a decrease of 4.6 percentage points from 9.7 percent in February 2025.

The Water supply, sewerage and waste management sub-sector recorded an inflation rate of 4.8 percent.

The year-on-year rate of construction producer price inflation for March 2025 was 15.4 percent, representing a 0.4 percentage point decrease from February 2025 (15.8 percent). The month-on-month change between February 2025 and March 2025 was 0.1 percent.

On sub-sector basis, inflation in Construction of buildings decreased by 1.6 percentage points from 15.9 percent in February 2025 to 14.3 percent in March 2025. The Specialised Construction activities sub-sector recorded inflation of 17.9 percent in March 2025 compared to 18.5 percent in February 2025.

The Civil Engineering sub-sector recorded no change in its inflation rate, remaining at 15.7 percent for March 2025.

The year-on-year services producer price inflation is 7.2 percent, representing a 0.6 percentage point decrease from February 2025 (7.8 percent) with a month-on-month change of 0.2 percent.

Inflation in the Transport and Storage sub-sector decreased by 2.3 percentage points from 22.7 percent as at February 2025 to 20.4 percent in March 2025.

The Accommodation and Food Services sub-sector rate decreased by 6.5 percentage points from 29.1 percent in February 2025 to 22.6 percent in March 2025, and the Information and Communication sub-sector recorded an inflation rate of 4.1 percent.