• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 1, 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 Drops Marginally

Stephen M.Cby Stephen M.C
March 23, 2023
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Economy
0
Producer Price Inflation Rate Drops Marginally

Data from the 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, decreased to 50.8 % in February 2023, from a record of 52.6 percent in January 2023.

This represents a 1.7 percentage point decrease in PPI relative to the 52.6 per cent recorded in January. Addressing a news conference in Accra, the Government Statistician, Professor Samuel K. Annim, said marginal drop in the February PPI rate, which was provisional, was influenced by the drop in PPI for industry, which carries 85.0 per cent weigh of the PPI index.

“The industry recorded PPI rate of 57.9 per cent in February from 58.8 per cent in January. The producer price inflation in industry less construction sector decreased to 57.9 per cent in February from 58.8 per cent in January 2023.”

Professor Samuel K. Annim

Meanwhile, Mining and quarrying (61.2 per cent), electricity and gas 57.4 per cent and manufacturing (55.7 per cent) recorded rates above the national average of 50.8 per cent.

RelatedPosts

Inflation Unshaken Despite Power Tariff Hike, Thanks to Favorable Base Effect – Analysts

Ghana’s Inflation Crashes to 9.4% in September— Lowest in 4 Years

Ghana’s Economic Revival Gains Global Spotlight, On Track to Achieve The ECF Program Targets

Prof. Annim noted that the rate in the construction sector increased to 21.1 per cent in February 2023 from 20.4 per cent in January 2023. He said the PPI inflation in the construction of buildings sub-sector increased by 3.8 percentage points over the January rate of 45.9 per cent to 49.7 per cent in February 2023.

“The rate for the civil engineering sub-sector decreased by 0.3 percentage points to 11.1 per cent in February 2023. The specialised construction activities sub-sector recorded a 6.0 per cent inflation rate for February 2023, compared with 5.5 per cent in January.”

Professor Samuel K. Annim

Under the Services Sector

The government statistician indicated that under the services sector, the rate increased from 10.6 per cent in January 2023 to13.4 per cent in February 2023.

The Government Statistician further explained that information and communication activity recorded the lowest rate of 4.5 per cent in February in 2023. 

Prof. Annim, moreover, averred water supply, sewerage, waste management (32.5 per cent) and construction (21.1 per cent) recorded PPI rate below the national average of 50.8 per cent. He said transportation and storage (67.6 per cent), accommodation and food service activities (66.5 per cent) drove the PPI rate for the services sector.

The PPI is a measure of inflation at the wholesale level that is compiled from many of indexes measuring producer prices by industry and product category. The index is published monthly by the Ghana Statistical Service (GSS). The PPI is different from the consumer price index (CPI), which measures the changes in the price of goods and services paid by consumers.

Following a similar trajectory, the CPI also recorded a decline in February, 2023. Ghana’s inflation rate fell to 52.8 percent in February, down from 53.6 percent in January. The second consecutive time that the figure has dropped in 20 months. 

It is yet to be seen if February’s drop is just camouflaged or it is sustainable ahead of the coming months.

The Ghana Statistical Service reports producer price index with an index reference period of March 2020 – February 2021 = 100. The new data released by the GSS captured 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.

READ ALSO: Seedling Contractors Association Demands Payment Of GHC2.3 Billion For Past Celebration Of Green Ghana Day

Tags: electricity and gasFebruary PPI ratMining and QuarryingProducer Price InflationProfessor Samuel K. Annim
Please login to join discussion
Previous Post

Seedling Contractors Association Demands Payment Of GHC2.3 Billion For Past Celebration Of Green Ghana Day

Next Post

I Commit Myself To Serve The NDC And Ghana– Kwabena Duffuor After Filing NDC Presidential Forms

[mc4wp_form id="1264"]

Related Posts

President John Dramani Mahama
General News

Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal

October 1, 2025
President John Dramani Mahama
General News

Mahama Commissions New Ambassadors, Demands High Standards of Service

October 1, 2025
Vance Signals US Indifference To India-Pakistan Conflict
USA

Vance Warns Of Layoffs If Shutdown Drags On

October 1, 2025
Vendor Engagement Seminar
Extractives/Energy

GNPC Hosts Maiden Vendor Engagement to Boost Local Content 

October 1, 2025
AI Apps to Transform Senior High School Education
General News

AI Apps to Transform Senior High School Education

October 1, 2025
Morocco Youth Protests Escalate Into Nationwide Unrest
Africa

Morocco Youth Protests Escalate Into Nationwide Unrest

October 1, 2025
President John Dramani Mahama
General News

Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal

by Evans Junior OwuOctober 1, 2025
President John Dramani Mahama
General News

Mahama Commissions New Ambassadors, Demands High Standards of Service

by Evans Junior OwuOctober 1, 2025
Vance Signals US Indifference To India-Pakistan Conflict
USA

Vance Warns Of Layoffs If Shutdown Drags On

by Comfort AmpomaaOctober 1, 2025
Vendor Engagement Seminar
Extractives/Energy

GNPC Hosts Maiden Vendor Engagement to Boost Local Content 

by Prince AgyapongOctober 1, 2025
AI Apps to Transform Senior High School Education
General News

AI Apps to Transform Senior High School Education

by Silas Kafui AssemOctober 1, 2025
Morocco Youth Protests Escalate Into Nationwide Unrest
Africa

Morocco Youth Protests Escalate Into Nationwide Unrest

by Lawrence AnkutseOctober 1, 2025
President John Dramani Mahama
President John Dramani Mahama
Vance Signals US Indifference To India-Pakistan Conflict
Vendor Engagement Seminar
AI Apps to Transform Senior High School Education
Morocco Youth Protests Escalate Into Nationwide Unrest
[/vc_row_inner]

Recent News

  • Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal
  • Mahama Commissions New Ambassadors, Demands High Standards of Service
  • Vance Warns Of Layoffs If Shutdown Drags On
  • GNPC Hosts Maiden Vendor Engagement to Boost Local Content 
  • AI Apps to Transform Senior High School Education
The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.