• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, August 4, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Producer Price Inflation Rate Marginally Declines To 52.1 % In January

February 22, 2023
Stephen M.Cby Stephen M.C
in Economy
0
Producer Price Inflation Rate Marginally Declines To 52.1 % In January

PPI falls marginally to 52.1% in January 2023

Data from Ghana Statistical Service has disclosed that the Producer Price Index (PPI), which measures the average change over time in the selling prices received by domestic producers for the production of their goods and services, has shown a marginal decrease from a record of 52.2% in December 2022 to 52.1% in January 2023

The current rate gives an indication of the extent to which producer prices increased between January 2022 and January 2023 (year-on-year).

According to the data, between January 2022 and January 2023, the PPI increased by 52.1 percent, representing a 0.1 percentage point decrease in producer inflation relative to the rate recorded in December 2022. This gives an explanation to the fact that the month-on-month change in the PPI between December 2022 and January 2023 was 0.9 percent.

RelatedPosts

24-Hour Economy Gains Momentum: Deloitte Tips Ghana to Hit 2025 GDP Milestone

Global Recession Looms—Ghana Urged to Build Bond Buffer or Risk Economic Shock

BoG Moves to Hedge Gold Reserves to Tackle Price Volatility 

Various Sector Analysis

Exempting the construction sector, the PPI News Letter for January 2023 released by the Ghana Statistical Service (GSS) revealed that within the sectors, the producer price inflation in the industry decreased to 58.6 percent in January 2023 from 65.7 percent in December 2022.

Construction PPI Rate

Touching on the construction sector, there was an indication of a decrease in the rate from 22.1 percent in December 2022 to 20.4 percent in January 2023.

“This rate indicates that between January 2022 and January 2023 (year-on-year), the PPI for construction (C-PPI) increased by 20.4 percent, representing a 1.7 percentage point decrease in producer inflation relative to the rate recorded in December 2022 (22.1%).

“The month-on-month change in the C-PPI between December 2022 and January 2023 is 4.3 percent.”

Ghana Statistical Service
Construction
PPI for Construction Sector

Segregating the sectors, GSS noted that inflation in the construction of buildings subsector decreased by 32.1 percentage points over the December 2022 rate of 78.0 percent to 45.9 percent in January 2023.

The rate for the civil engineering sub-sector increased by 7.0 percentage points to 11.4 percent in January 2023.

The specialized construction activities subsector recorded a 5.5 percent inflation rate for January 2023 compared with 4.9 percent in December 2022.

Service Sector PPI Rate

In the Services sector, the rate decreased from 10.5 percent in December 2022 to 9.5 percent in January 2023.

“This rate indicates that between January 2022 and January 2023 (year-on-year), the PPI for service sector (S-PPI) increased by 9.5 percent, representing a 1.0 percentage point decrease in Service Producer Price inflation relative to the rate recorded in December 2022 (10.5%).

“The month-on-month change in the S-PPI between December 2022 and January 2023 is -0.8 percent.”

Ghana Statistical Service
Service
PPI for Service Sector

Independently rating the various sub-sectors, GSS in its analysis revealed that the service producer price inflation in the Transport and Storage sub-sector decreased by 1.1 percentage points over the December 2022 rate of 63.7 percent to 62.6 percent in January 2023.

 The Accommodation and food sub-sector rate increased by 4.9 percentage points to 40.1 percent in January 2023 while the Information and communication sub-sector recorded a 1.2 percent inflation rate for January 2023 compared to 2.3 percent in December 2022.

Industrial PPI Rate

Focusing on the industrial sector, the PPI inflation rate for January 2023 was 58.6 percent.

“This rate indicates that between January 2022 and January 2023 (year-on-year), the I-PPI increased by 58.6 percent, representing a 7.1 percentage points decrease in Industrial producer inflation relative to the rate recorded in December 2022 (65.7%).

“The month-on-month change in the IPPI between December 2022 and January 2023 is 1.1 percent.”

Ghana Statistical Service
Industrial
Industrial PPI Rate

The Industrial producer price inflation in the Mining and Quarrying sub-sector decreased by 5.3 percentage points over the December 2022 rate of 73.4 percent to 68.1 in January 2023. The Manufacturing sub-sector decreased by 11.0 percentage points to 53.3 percent in January 2023.

Electricity and gas recorded a 29.9 percent inflation rate for January 2023, a decrease of 0.5 percentage points over the December rate of (30.4%).

The Water supply, Sewerage, and Waste Management Sub-sector recorded an inflation rate of 26.0 percent.

In summary, GSS explained that the Mining and quarrying (68.1%), transport and storage (62.6%) and manufacturing (53.3%) recorded rates above the national average, while Information and communication activity recorded the lowest rate of 1.2 percent in January 2023.

The PPI for Ghana reports the producer price indices with an index reference period of March 2020 – February 2021 = 100.

The new data released by the GSS captured the the annual (year-on-year) and monthly producer inflation rates for all sectors; Mining and Quarrying, Manufacturing, Electricity and Gas, Water Supply, Sewerage, and Waste Management, Construction, Transport and Storage, Food & Accommodation, and Information & Communication.

Ghana Statistical Service further noted that the PPI figure for January 2023 is provisional and is subject to revision when additional data become available. All other indicators are final.

Read Also: BoG Zero-Financing Of Government Will Have A Positive Impact On Reducing Inflation- Prof. Assibey

Tags: construction sectorGhana Statistical ServiceIndustrial SectorProducer Price Inflationservice sector
Please login to join discussion
Previous Post

I Don’t See When I Am Performing On Stage – MzVee Reveals Being Partially Blind

Next Post

Every Ghanaian Is Free To Dispute Fuel Quantity, Invoke Right To Verification- NPA

[mc4wp_form id="1264"]

Related Posts

NSA case halted over new findings
General News

National Service Platform Shutdown Triggers Audit

August 4, 2025
Minister for Youth Development and Empowerment, Hon. George Opare Addo, Esq.
General News

National Apprenticeship Program Begins August 12 with Over 115,000 Enrolled

August 4, 2025
Victor Kwadjoga Adawudu, Minister, Ghana
General News

Adawudu Urges Dialogue Over DSTV Pricing Ultimatum

August 4, 2025
Minister for Youth Development and Empowerment, Hon. George Opare Addo, Esq.
General News

Adwumawura Program Receives 120,000 Applicants, Govt Stays Committed to Youth Empowerment

August 4, 2025
DCOP Lydia Yaako Donkor on stolen vehicle
General News

Ghana CID Targets Stolen Vehicle Crime Rings

August 4, 2025
MIIF Partners Korle-Bu to Roll Out Free Medical Outreach in Mining Communities 
Extractives/Energy

MIIF Partners Korle-Bu to Roll Out Free Medical Outreach in Mining Communities 

August 4, 2025
NSA case halted over new findings
General News

National Service Platform Shutdown Triggers Audit

by Lilian AhedorAugust 4, 2025
Minister for Youth Development and Empowerment, Hon. George Opare Addo, Esq.
General News

National Apprenticeship Program Begins August 12 with Over 115,000 Enrolled

by Evans Junior OwuAugust 4, 2025
Victor Kwadjoga Adawudu, Minister, Ghana
General News

Adawudu Urges Dialogue Over DSTV Pricing Ultimatum

by Silas Kafui AssemAugust 4, 2025
Minister for Youth Development and Empowerment, Hon. George Opare Addo, Esq.
General News

Adwumawura Program Receives 120,000 Applicants, Govt Stays Committed to Youth Empowerment

by Evans Junior OwuAugust 4, 2025
DCOP Lydia Yaako Donkor on stolen vehicle
General News

Ghana CID Targets Stolen Vehicle Crime Rings

by Lilian AhedorAugust 4, 2025
MIIF Partners Korle-Bu to Roll Out Free Medical Outreach in Mining Communities 
Extractives/Energy

MIIF Partners Korle-Bu to Roll Out Free Medical Outreach in Mining Communities 

by Prince AgyapongAugust 4, 2025
NSA case halted over new findings
Minister for Youth Development and Empowerment, Hon. George Opare Addo, Esq.
Victor Kwadjoga Adawudu, Minister, Ghana
Minister for Youth Development and Empowerment, Hon. George Opare Addo, Esq.
DCOP Lydia Yaako Donkor on stolen vehicle
MIIF Partners Korle-Bu to Roll Out Free Medical Outreach in Mining Communities 
[/vc_row_inner]

Recent News

  • National Service Platform Shutdown Triggers Audit
  • National Apprenticeship Program Begins August 12 with Over 115,000 Enrolled
  • Adawudu Urges Dialogue Over DSTV Pricing Ultimatum
  • Adwumawura Program Receives 120,000 Applicants, Govt Stays Committed to Youth Empowerment
  • Ghana CID Targets Stolen Vehicle Crime Rings
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.