"April 2025 Producer Price Inflation Declines to 18.5%"

" April 2025 Producer Price Inflation Declines to 18.5% \r\n Ghana\u2019s year-on-year producer price inflation (PPI) for April 2025 fell to 18.5%, down from the 24.4% recorded in March 2025, according to the latest data released by the Ghana Statistical Service (GSS). \r\n The sharp decline in the PPI \u2014 which measures the average change over time in the prices received by domestic producers for their output \u2014 points to easing inflationary pressures in the production sector. \r\n On a month-on-month basis, producers recorded a deflation of 0.8% between March and April 2025, indicating a fall in ex-factory prices of goods and services. This means that, on average, producers earned 0.8% less for their products in April compared to the previous month. \r\n Manufacturing Sub-Sector Trends \r\n The Manufacturing sub-sector, which remains a key driver of producer inflation, recorded an average inflation rate of 20.8%. However, five out of the 23 major industry groups within the sector recorded rates higher than the sub-sector average. \r\n The manufacture of basic metals registered the highest inflation at 38.0%, followed closely by the manufacture of motor vehicles, trailers and semi-trailers at 35.8%. In contrast, the manufacture of coke and refined petroleum products recorded the lowest inflation within the group at -1.6%, reflecting a decline in prices received by producers. \r\n Mining and Quarrying Sub-Sector Performance \r\n Within the Mining and Quarrying sub-sector, the extraction of crude oil and natural gas experienced a deflation of 12.6% in April, representing a 15.1 percentage point drop from the inflation rate of 2.5% recorded in March. \r\n The mining of metal ores recorded an inflation rate of 56.0% in April, down from 62.2% in the previous month, while the activities of mining support services posted the highest inflation rate within the sub-sector at 66.0%. \r\n Electricity and Gas Sub-Sector \r\n For the Electricity and Gas sub-sector, power generation, transmission and distribution registered a relatively modest inflation rate of 5.5% in April. \r\n Meanwhile, the manufacture of gas and the distribution of gaseous fuels recorded a deflation of 0.9%, further contributing to the downward pressure on overall producer price inflation. \r\n The continued moderation in producer prices, particularly across manufacturing and extractive industries, suggests improving stability in cost structures \u2014 a development that could potentially reflect in lower consumer inflation in the months ahead. "

"April 2025 Producer Price Inflation Declines to 18.5%"

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