Producer Price Inflation Ends 2025 at 1.9% as Monthly Pressures Ease
Ghana’s Producer Price Inflation (PPI) closed 2025 at 1.9 per cent, signalling continued stabilisation of prices at the factory gate, according to data released by the Ghana Statistical Service (GSS).
The December 2025 rate reflects the year-on-year change in prices of goods and services received by producers compared with December 2024. On a month-on-month basis, producer prices declined by 0.8 per cent, indicating that average prices at the producer level fell between November and December 2025.
A breakdown of the data shows divergent trends between industry and services. Industrial PPI rose to 2.1 per cent in December 2025, representing a 0.5 percentage point increase from the 1.6 per cent recorded in November. The increase points to a modest uptick in costs within manufacturing, mining and utilities toward the end of the year.
In contrast, services recorded a significantly lower annual inflation rate of 0.6 per cent. Month-on-month, service prices increased marginally by 0.2 per cent between November and December.
The subdued PPI outturn aligns with th broader disinflationary trend in the economy. Earlier this month, Government Statistician, Dr. Alhassan Iddrisu, announced that consumer inflation had eased to a multi-year low of 5.4 per cent.
Analysts say the easing of producer price pressures bodes well for 2026, as lower factory-gate costs typically translate into more stable retail prices for consumers. The disinflationary trend has been attributed to relative stability in the Cedi, improved domestic production, and softer global commodity prices.
