• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 15, 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 Rises To 33.5% in May

June 23, 2022
Stephen M.Cby Stephen M.C
in Economy
0
Producer Price Inflation Rises To 33.5% in May

Producer Price Inflation rate went up by 2.3 percentage points to record 33.5 percent in the fifth month of the year, up from 31.2 percent recorded in April 2022.

The current rate is an indication of the increase in ex-factory prices of goods and services between May 2021 and May 2022 (year-on-year).

The Producer Price Index (PPI) which measures the average change over time in the prices received by domestic producers for the production of their goods and services, rose from 981.3 in April 2022 to 1016.7 in May 2022.

RelatedPosts

“Stop Listening to the Alhaji on the Corner!” – BoG Boss Slams Cedi Speculation Culture

BoG Blows $1.4 Billion in Forex in Just Three Months—IMF Raises Red Flags

Ghana’s Development Engine Sputters: ISSER Urges Bold Reforms in Land, Jobs, and Inclusion

This resulted in a month-on-month change of 3.6 percent in the producer price index between April and May 2022. This was higher than the rate of 1.3 percent recorded between March and April this year.  It is however, lower when compared to the monthly producer inflation rates recorded between February 2022 and March 2022 (6.8%) and that of between January and February 2022 (3.9%).

PPI for the various sub-sectors

The Ghana Statistical Service (GSS) provided information on inflation rates for all industry and its three major sub-sectors for the last twelve months. The major sub-sectors include Mining and Quarrying, Manufacturing and Utilities.

Mining
A mining site

Data from the GSS showed that the producer price inflation in the Mining and Quarrying sub-sector decreased by 11.3 percentage points to 23.9 percent in May 2022 as compared to the rate of 35.2 percent reported in April 2022. This shows that inflation within the sub-sector continued to fall in the last two months as against the 33.6 percent recorded in March 2022.

Meanwhile, inflation in the utility sub-sector remained unchanged at 1.1percent in May 2022, same as the rate recorded in April 2022.

Manufacturing Sector

The producer inflation for the Manufacturing sub-sector, which constitutes more than two-thirds of the total industry, increased by 6.1 percentage points to 45.0 percent in May. The month-on-month inflation in the manufacturing sub-sector was 6.4 percent in May 2022.

factory%20workers 5b150d50dfd5c5 16164152
A clothing manufacturing firm

In May 2022, one out of the sixteen major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 45.0 percent. Manufacture of coke, refined petroleum products and nuclear fuel recorded the highest inflation rate of 121.0 percent, while the Manufacture of machinery and equipment recorded the least inflation rate of 0.0 percent.

Trends in Producer Inflation

 In May 2021, the producer price inflation rate for all industry was 11.8 percent. The rate decreased continuously to record 8.1 percent in August 2021 but increased to record 8.8 percent in September 2021. Subsequently, the rate resumed an upward trend and increased consistently to record 33.5 percent in May 2022.

Petroleum Price Index

Meanwhile, the petroleum sub-sector recorded a 29.4 percent producer inflation rate in May 2021. The rate decreased to 23.9 percent in June 2021 and increased to 25.3 percent in August 2021.

Thereafter, it increased continuously to 58.4 percent in November 2021 but dropped to 36.0 percent in January 2022. In February 2022, the rate increased to 44.3 percent before rising further to settle at 121.0 percent in May 2022.

READ ALSO: DCE Calls For Relocation Of Flood Victims In Ellembelle District

Tags: GSSinflationmanufacturingMayMining and QuarryingproducerUtilities
Please login to join discussion
Previous Post

DCE Calls For Relocation Of Flood Victims In Ellembelle District

Next Post

Redirect Your energies into Other Income-Earning Ventures- Binduri DCE

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

President John Dramani Mahama
General News

Mahama Commits to Developing the Western North Region

July 15, 2025
Hon. Sammy Awuku, Fuel, Appointees
General News

Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick

July 15, 2025
Burna Boy Worried Over Small Crowd at Wireless Festival
Entertainment

Burna Boy Retracts Afrobeats Comments

July 15, 2025
EU Launches Preparedness Union Strategy
Europe

Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy

July 15, 2025
UK Ends Secret Afghan Relocation Scheme
UK

UK Ends Secret Afghan Relocation Scheme

July 15, 2025
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
Extractives/Energy

COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’

July 15, 2025
President John Dramani Mahama
General News

Mahama Commits to Developing the Western North Region

by Evans Junior OwuJuly 15, 2025
Hon. Sammy Awuku, Fuel, Appointees
General News

Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick

by Silas Kafui AssemJuly 15, 2025
Burna Boy Worried Over Small Crowd at Wireless Festival
Entertainment

Burna Boy Retracts Afrobeats Comments

by Esther Korantemaa OffeiJuly 15, 2025
EU Launches Preparedness Union Strategy
Europe

Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy

by Comfort AmpomaaJuly 15, 2025
UK Ends Secret Afghan Relocation Scheme
UK

UK Ends Secret Afghan Relocation Scheme

by Lawrence AnkutseJuly 15, 2025
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
Extractives/Energy

COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’

by Stephen M.CJuly 15, 2025
President John Dramani Mahama
Hon. Sammy Awuku, Fuel, Appointees
Burna Boy Worried Over Small Crowd at Wireless Festival
EU Launches Preparedness Union Strategy
UK Ends Secret Afghan Relocation Scheme
COPEC Lauds Mahama for Ending Appointee Fuel Perks—Calls It ‘Forward-Thinking!’
[/vc_row_inner]

Recent News

  • Mahama Commits to Developing the Western North Region
  • Minority Labels Mahama’s Fuel Cut Directive a PR Gimmick
  • Burna Boy Retracts Afrobeats Comments
  • Individuals, Entities Sanctioned For Destabilising Moldova’s Democracy
  • UK Ends Secret Afghan Relocation Scheme
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.