Producer price inflation experienced a slight decrease to 1.3 percent in November 2025, down from 1.4 percent in October, as per the most recent data published by the Ghana Statistical Service (GSS).
This indicates a month-on-month decline of 0.1 percentage points and confirms a persistent reduction in cost pressures at the factory level.
On a year-on-year comparison, the data reveal that ex-factory prices increased by an average of 1.3 percent from November 2024 to November 2025, which is 25.7 percentage points lower than the rate observed a year prior.
The GSS notes that the decrease in producer inflation is attributed to a month-on-month reduction of 1.9 percent in producer prices between October and November 2025, suggesting that producers, on average, set lower prices in November compared to the previous month.
This easing trend was primarily influenced by changes across significant production sectors.
The Mining and Quarrying sector, the largest with a weight of 43.7 percent, saw a 1.6 percentage-point rise in producer inflation, increasing from 0.7 percent in October 2025 to 2.3 percent in November 2025.
Conversely, the Manufacturing sector, which constitutes 35 percent of the PPI weight, experienced a reduction in producer inflation, decreasing from 2.5 percent in October 2025 to 0.5 percent in November 2025, reflecting a 2.0 percentage-point decline.
Additionally, producer inflation in the transport and storage sub-sector continued to decline, dropping from -8.8 percent in October 2025 to -9.0 percent in November 2025.
Within the manufacturing sub-sector, price pressures varied. Out of the 23 major manufacturing groups, ten recorded inflation rates exceeding the sector’s average of 0.5 percent in November 2025.
The most significant price increases were noted in the production of leather and related products, which experienced 35.0 percent inflation, followed by the textile manufacturing sector at 26.5 percent.
In comparison, the production of coke and refined petroleum products experienced the lowest inflation rate, decreasing by 12.5 percent during the specified period.
