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The year-on-year producer price inflation in ex-factory prices for all goods and services reduced drastically to 10.2% in May 2025 from 18.5% in April 2025.
It also means that the average prices that producers received for their goods and services fell by 8.3.% in May 2025 from April 2025.
The two most important contributors to the decline of producer price inflation in May 2025 were Mining and Quarrying (10.6 percentage points) and Manufacturing (9.5 percentage points), both accounting for 78.7% of PPI.
The two sectors are key to Ghana’s industrial growth. Therefore, the Ghana Statistical Service stated that this presents a window for stabilization, investment, and responsible spending.
The GSS alluded that the overall outlook appears optimistic, as producer inflation is downward, and most sectors are experiencing price stability or declines.
It promised to continue to track price trends closely and provide timely updates to support informed decision-making by the public, businesses, and government.
Source:channel247online.com
