The producer price inflation (PPI) rate for October 2022 was 65.2%, the Ghana Statistical Service (GSS).
This rate indicates that between October 2021 and October 2022 (year-on-year), the PPI increased by 65.2%, representing a 19.3 percentage points increase in producer inflation relative to the rate recorded in September 2022 (45.9%).
The PPI measures the average change over time in the prices received by domestic producers for the production of their goods and services.
The month-on-month change in the PPI between September and October 2022 was 15.4%.
The producer price inflation in the industry less construction sector increased to 75.6% in October 2022 from 54.5% in September 2022.
The rate in the construction sector declined from 25.1% in September 2022 to 23.0% in October 2022.
In the services sector, the rate increased from 5.6% in September 2022 to 10.0% in October 2022.
The rate for mining and quarrying (86.4%), manufacturing (73.1%), transport and storage (71.4%) recorded the highest rates, while information and communication activity recorded the lowest rate of 1.4% in October 2022.
