Ex-Factory Price Inflation Hits 38% 

Prof Samuel Annim, Govt Statistician, has stated that the year-on-year producer price inflation (PPI) rate for June 2022 rose to 38.0 per cent.

This rate represents a 4.7 percentage points increase in producer inflation relative to the rate recorded in May 2022 (33.3%).

The month-on-month change in the producer price index between May 2022 and June 2022 was 4.6 percent.

A release by the Ghana Statistical Service indicated that the producer price inflation in the mining and quarrying sub-sector increased by 1.6 percentage points over the May 2022 rate of 23.9 percent to 25.5 percent in June 2022.

In June 2021, the producer price inflation rate for all industry was 10.1 percent.

The rate decreased to a record 8.1 percent in August 2021 but increased to a record 8.8 percent in September 2021.


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