Producer prices in Ghana soared 13 percent year-on-year in December 2019, up from a 9.9 percent jump in the previous month. It was the highest producer inflation since March 2016, mainly due to rising fuel prices. On a monthly basis, producer prices went up 1.5 percent, following a 0.3 percent increase in the previous month.

Producer Prices Change in Ghana averaged 14.51 percent from 2009 until 2019, reaching an all time high of 48.56 percent in August of 2014 and a record low of 2 percent in July of 2017. This page provides the latest reported value for - Ghana Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ghana Statistical Services

Producer Prices Change in Ghana is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Ghana to stand at 8.50 in 12 months time. In the long-term, the Ghana Producer Prices Change is projected to trend around 8.00 percent in 2020, according to our econometric models.

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Ghana Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
13.00 9.90 48.56 2.00 2009 - 2019 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-17 10:30 AM Sep 9.7% 10.2% 11%
2019-11-20 10:10 AM Oct 8.9% 9.1% 13%
2019-12-18 10:20 AM Nov 9.9% 8.9% 7.6%
2020-01-23 10:00 AM Dec 13% 9.9% 9.5%
2020-02-19 10:00 AM Jan 13% 8.7%


News Stream
2019-09-19
Ghana Producer Inflation Highest since 2016
Producer prices in Ghana climbed 10.2 percent year-on-year in August 2019, after rising 8.8 percent in the previous month. It was the highest producer inflation since November 2016, pushed up by prices of mining & quarrying (36.5 percent vs 27.6 percent in July); utilities (6.9 percent, the same pace as in July) and manufacturing (5.8 percent vs 5.4 percent), mostly in production of machinery & equipment (24.7 percent) and other non-metallic products (12.4 percent). On a monthly basis, producer prices went up 1.2 percent, easing from a 1.9 percent rise in the preceding month.

2019-08-21
Ghana Producer Inflation at Over 1-1/2-Year High of 8.8%
Producer prices in Ghana rose 8.8 percent year-on-year in July 2019, following a downwardly revised 7.1 percent rise in the previous month. This is the highest producer inflation since December of 2017. Prices advanced faster for mining & quarrying (27.6 percent vs 22.4 percent in June); utilities (6.9 percent vs 1.1 percent), mostly due to hikes in electricity and water tariffs with effect from July; and manufacturing (5.4 percent vs 5.3 percent). On a monthly basis, producer prices inched up 1.9 percent, after a 1.6 percent increase in the previous month.

2019-06-19
Ghana Producer Inflation Slows to 6.7% in May
Producer Prices in Ghana increased 6.70 percent year-on-year in May 2019, easing from a 7.1 percent rise in the prior month, in part attributable to the stability of the Cedi. Prices slowed for manufacturing (6.2 percent vs 7.5 percent in April), mostly in production of coke, refined petroleum products (9.9 percent vs 17.2 percent) and textiles (6.3 percent vs 7.1 percent). Meanwhile, cost rose further for mining & quarrying (15.1 percent vs 12.3 percent) and utilities (1.1 percent vs 1 percent). On a monthly basis, producer prices went up 0.2 percent, easing from a 0.9 percent rise in the previous month.

2019-05-22
Ghana Producer Inflation Steady at 7.1% in April
Producer prices in Ghana surged 7.1 percent year-on-year in April of 2019, the same pace as in the previous month. The increase in the PPI rate mainly reflected the improvement in gold prices on the international market and strong performance of Cedi. Prices continued to advance for manufacturing (7.5 percent vs 6.8 percent in March), mostly in production of coke, refined petroleum products (17.2 percent vs 13 percent); chemicals (4.6 percent vs 1.3 percent) and rubber & plastics (3.7 percent vs 3.1 percent). Meanwhile, cost slowed for mining & quarrying (12.3 percent vs 15.9 percent) and utilities (1.0 percent vs 0.8 percent). On a monthly basis, producer prices increased 0.9 percent, after an upwardly revised 1.3 percent rise in the previous month.

2019-04-17
Ghana Producer Inflation Quickens to 5-Month High of 6.7%
Producer prices in Ghana surged 6.7 percent year-on-year in March of 2019, up from a 5.4 percent rise in the previous month. It is the highest producer inflation since October last year. Prices continued to increase in all categories: mining & quarrying (15.9 percent vs 13.3 percent in February); manufacturing (6.1 percent vs 5.0 percent), mostly coke, refined petroleum products (13 percent vs 8.9 percent); other non-metallic mineral products (2.8 percent vs 2.7 percent) and basic metals (17 percent vs 16.1 percent); and utilities (0.8 percent vs 0.1 percent), mainly due to electricity (0.9 percent vs 0.1 percent). On a monthly basis, producer prices went up 0.9 percent, following a 2 percent rise in the previous month.

2019-03-20
Ghana Producer Inflation at 3-Month High of 5.4%
Producer prices in Ghana rose 5.4 percent year-on-year in February of 2019, up from a 3.4 percent increase in the prior month. It is the strongest increase in producer prices since November, linked to a weaker cedi and higher fuel cost. Prices advanced faster in all categories: mining & quarrying (13.4 percent vs 8.9 percent in January); manufacturing (5 percent vs 3 percent), led by basic metals (16.1 percent) and utilities (0.1 percent, after being flat in January). On a monthly basis, producer prices inched up 2 percent, following a 0.3 percent gain in January, mainly pushed up by manufacturing (1.9 percent vs -0.7 percent) and mining & quarrying (4.7 percent vs 4.6 percent).


Ghana Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 7.90 8.20 63.10 0.40 percent [+]
Consumer Price Index CPI 110.00 109.70 242.00 9.81 points [+]
Producer Prices 677.10 666.80 677.10 135.81 points [+]
Food Inflation 7.20 8.40 9.70 5.00 percent [+]
Producer Prices Change 13.00 9.90 48.56 2.00 percent [+]
Inflation Rate Mom 0.30 0.70 10.87 -3.34 percent [+]
Cpi Housing Utilities 114.46 112.63 351.40 94.76 points [+]
Cpi Transportation 117.64 116.95 383.60 98.06 points [+]