The Industrial producer price inflation in the Mining and Quarrying sub-sector increased by 8.9 percentage points over the March 2023 rate of 36.2 percent to 45.1 percent in April 2023, the Ghana Statistical Service (GSS) has announced on Wednesday, May 17.
That of the manufacturing sub-sector decreased by 4.6 percentage points to 41.4 percent in April 2023.
Electricity and gas recorded a 59.0 percent inflation rate for April 2023, an increase of 1.5 percentage points over the March rate of (57.5%).
The Water supply, Sewerage, and Waste Management Subsector recorded an inflation rate of 33.4 percent.
The Industrial Producer Price Inflation (I-PPI) inflation rate for April 2023 was 43.9 percent.
This rate indicates that between April 2022 and April 2023, year-on-year, the I-PPI increased by 43.9 percent.
This rate, the GSS added, represents a 2.6 percentage point increase in Industrial producer inflation relative to the rate recorded in March 2023 (41.1%).
The month-on-month change in the I-PPI between March 2023 and April 2023 was 3.0 percent.