May PPI records 33.5%

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The Producer Price Inflation (PPI) for the month of May 2022 was 33.5% percent, the Ghana Statistical Service (GSS), has announced on Wednesday June 22.

This indicates that the rate is 2.1 percentage points higher than the rate recorded in April 2022 (31.4%), the GSS said.

Monthly Producer Price Inflation between April 2022 and May 2022 was 3.6 percent.

The Year-on-Year Producer Price Inflation across the sub-sectors for May 2022 were as follows: Manufacturing :  45 percent, Mining and Quarrying 23.9 percent, Utilities 1.1 percent

The monthly Producer Price Inflation across the sub-sectors for May 2022 were as follows: Manufacturing :  6.4 percent Utility:  0.0 percent Mining and Quarrying :  -4.6 percent.

The Producer Price Index (PPI) measures the average change over time in the selling prices of goods and services as received by domestic producers.

Source: 3news.com|Ghana

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