Year-on-year inflation rate at factory gate prices for all goods and services hit 45.5 % in September 2022.<\/p>\n
The monthly change rate was however 5.2%.<\/p>\n
According to figures from the Ghana Statistical Service, industry recorded an inflation rate of 54.5%, whilst services 5.6%.<\/p>\n
Two (Manufacturing (58.2%) and Mining (57.5%) of the eight subsectors recorded rates of producer inflation higher than the national (45.5%).<\/p>\n
With the exception of Information and Communication and Construction sub-sectors all the other six sub-sectors recorded an increase in year-on-year producer inflation between August and September 2022.<\/p>\n
The highest change was recorded in the Electricity and Gas Sub-Sector, increasing from 8.6% in August to 24.0% in September 2022.<\/p>\n
Electricity and water had the highest monthly producer inflation of 14.2% and 9.2% respectively.<\/p>\n
Producer inflation for Water Collection, Treatment and Supply between August 2022 and September 2022 increased by more than 19 percentage points.<\/p>\n
Transport pushes Services PPI up<\/strong><\/p>\n The Producer Price Inflation (PPI) surged 1.5 percentage points to 5.6% in the month of September 2022.<\/p>\n This was as a result of increasing inflation in the Transport and Storage sub-sector which recorded the highest year-on-year PPI of 27.3%.<\/p>\n It was followed by the Accommodation and Food sub-sector with 24.9%.<\/p>\n However Information and Communication sub-sector recorded the lowest year-on-year PPI of 0.9%.<\/p>\n According to figures from the Ghana Statistical Service, the Transport and Storage sub-sector recorded the highest monthly inflation rate of 4.9%, followed by the Accommodation and Food sub-sector with 4.0%.<\/p>\n Again, the Information and Communication sub-sector recorded the lowest inflation of 0.1% in September 2022.<\/p>\n The PPI, measures the average change over time in the prices received by domestic producers for the production of their goods and services.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Year-on-year inflation rate at factory gate prices for all goods and services hit 45.5 % in September 2022. The monthly change rate was however 5.2%. According to figures from the Ghana Statistical Service, industry recorded an inflation rate of 54.5%, whilst services 5.6%. Two (Manufacturing (58.2%) and Mining (57.5%) of the eight subsectors recorded rates […]<\/p>\n","protected":false},"author":1,"featured_media":1227903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[312,227,169,2701,9257],"class_list":["post-1228828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-hits","tag-inflation","tag-price","tag-producer","tag-september"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1228828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1228828"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1228828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1228828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1228828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1228828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Producer](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/inflation-1.png\" "\\"Producer")
<\/figure>\n