The Industrial Producer Price Inflation (I-PPI) inflation rate for April 2023 was 43.9 percent, the Ghana Statistical Service (GSS) has announced on Wednesday, May 17.
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.
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 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.