Producer Price Inflation shoots up to 17.4% in January 2024

February 21, 2024 / Comments (0)

News Show on Home

The Producer Price Inflation (PPI) rate for January 2024 stood at 17.4%, higher than the 16.6% recorded in December 2023.

This was in line with the Consumer Price Index which also went up marginally in January 2024.

According to the Ghana Statistical Service, the month-on-month change in the PPI between December 2023 and January 2024 was 1.7%.

The producer price inflation in the industry less construction sector increased to 17.2% in January 2024 from 16.2% in December 2023.

The rate in the construction sector decreased to 40.2% in January 2024 from 46.0% in December 2023.

In the Services sector, the rate decreased from 17.6 percent in December 2023 to 16.9 percent in January 2024.


Leave a Reply

Your email address will not be published. Required fields are marked *