{"id":267769,"date":"2024-12-19T07:34:15","date_gmt":"2024-12-19T07:34:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/19\/ghanas-producer-price-inflation-sees-significant-decline-in-november-2024\/"},"modified":"2024-12-19T07:34:15","modified_gmt":"2024-12-19T07:34:15","slug":"ghanas-producer-price-inflation-sees-significant-decline-in-november-2024","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/19\/ghanas-producer-price-inflation-sees-significant-decline-in-november-2024\/","title":{"rendered":"Ghana\u2019s Producer Price Inflation Sees Significant Decline in November 2024"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Latest data from the Ghana Statistical Service (GSS) shows a significant decline in producer price inflation (PPI).<\/p>\n<p>The PPI rate for November 2024 stood at 26.9 percent, representing a 6.1 percentage point decrease from the rate recorded in October 2024.<\/p>\n<p>This decline in producer price inflation indicates a slowdown in the rate at which prices are increasing at the production level.<\/p>\n<p>The month-on-month change in the PPI between October 2024 and November 2024 was negative 1.9 percent, further highlighting the decline in producer inflation.<\/p>\n<p>The Industry sector, excluding the construction sector, saw a significant decline in producer inflation, from 48.9 percent in October 2024 to 41.3 percent in November 2024.<\/p>\n<p>The construction sector also saw a decline in producer inflation, from 34.5 percent in October 2024 to 31.1 percent in November 2024, recording inflation rates above the national average of 26.9 percent.<\/p>\n<p>The Services sector recorded a producer inflation rate of 12.5 percent in November 2024, with Mining and quarrying recording 41.9 percent.<\/p>\n<p>Producer inflation for accommodation and food service activities was 32.5 percent in November.<\/p>\n<p>Transportation and  storage recorder producer inflation rate of 31.7 percent.<\/p>\n<p>In contrast, Water supply, sewerage, and waste management activity recorded the lowest rate of 5.0 percent in November 2024.<\/p>\n<p><strong>\u00a0By <\/strong><strong>Eben Agyekum-Boateng, 3Business<\/strong><\/p>\n<div data-ad-id=\"416073\" style=\"text-align:center; margin-top:px; margin-bottom:px; margin-left:px; margin-right:px;float:none;\" class=\"afw afw_custom  afw_ad afwadid-416073  \">\n<div data-elementor-type=\"wp-post\" data-elementor-id=\"416038\" class=\"elementor elementor-416038\" data-elementor-post-type=\"rb-etemplate\">\n<aside class=\"elementor-element elementor-element-8ce16df e-flex e-con-boxed e-con e-parent\" data-id=\"8ce16df\" data-element_type=\"container\" data-settings=\"{\" background_background=\"\">\n<div class=\"e-con-inner\">\n<div class=\"elementor-element elementor-element-bdeffa7 elementor-widget elementor-widget-text-editor\" data-id=\"bdeffa7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<p><strong>Your feedback is crucial.<\/strong> Tell us what you loved and where we can do better. We are always looking for ways to do better.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/aside><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Latest data from the Ghana Statistical Service (GSS) shows a significant decline in producer price inflation (PPI). The PPI rate for November 2024 stood at 26.9 percent, representing a 6.1 percentage point decrease from the rate recorded in October 2024. This decline in producer price inflation indicates a slowdown in the rate at which prices [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":267770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-267769","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ghana\u2019s Producer Price Inflation Sees Significant Decline in November 2024 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/12\/19\/ghanas-producer-price-inflation-sees-significant-decline-in-november-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s Producer Price Inflation Sees Significant Decline in November 2024 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Latest data from the Ghana Statistical Service (GSS) shows a significant decline in producer price inflation (PPI). 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