Ghana’s Producer Price Inflation (PPI) rose to 5.8 percent in May 2026, an increase from the 2.7 percent recorded in April, as reported by the Ghana Statistical Service.
This rise signifies that, on average, the prices received by producers for goods and services were 5.8 percent higher in May 2026 compared to the same month the previous year.
Despite the annual increase in producer inflation, there was a decline of 1.4 percent in producer prices from April to May 2026, indicating a temporary alleviation of price pressures within the economy.
The Mining and Quarrying sector continued to be the largest contributor to producer inflation, with an inflation rate of 11.0 percent in May.
The robust performance of this sector significantly influences overall production costs and inflation trends.
The rise in producer inflation was also fueled by improved performance in critical sectors of the economy. The Manufacturing sector saw a recovery from a negative inflation rate of -0.7 percent in April to 0.7 percent in May, while the Transport and Storage sector experienced a sharp rebound from -6.6 percent to 7.7 percent during the same timeframe, reversing previous declines in producer prices.
Producer inflation is commonly viewed as an early indicator of future price trends in the economy.
Dr. Alhassan Iddrisu, the Government Statistician, stated that the latest data offers valuable insights for households, businesses, and policymakers. He emphasized that consumers can utilize this information to make informed spending choices, businesses can use it to better plan for input costs, and policymakers can enhance the monitoring of supply chains to address potential future inflationary pressures.
