• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

PPI plummets to 9.6% in October 2023, reflecting a 15.5% drop from September’s 25.1%

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
75
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

PPI plummets to 9.6% in October 2023, reflecting a 15.5% drop from September’s 25.1%

In a noteworthy economic development, data released by the Ghana Statistical Service reveals a significant contraction in the Producer Price Index (PPI) for October 2023.

The precipitous decline to 9.6% marks a substantial departure from the preceding month’s 25.1%, signifying a nuanced shift in the country’s economic landscape.

Industry-Specific Trends

Delving into sector-specific nuances, the data reveals a notable deceleration in producer price inflation within the construction sector, plummeting to 44.0% in October from 48.9% in September.

Meanwhile, the services sector witnessed a downturn, with rates diminishing from 16.1% in September to 11.7% in October 2023.

Manufacturing Sub-Sector Dynamics

RelatedPosts

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

A granular examination of the manufacturing sub-sector elucidates a diverse landscape, as 18 out of 23 major groups reported inflation rates surpassing the sector average of 3.2%.

The manufacture of textiles emerged with the highest inflation rate at an eye-catching 68.3%, closely trailed by the manufacture of pharmaceuticals, medicinal chemicals, and botanical products at 64.2%.

Mining and Quarrying Insights

In the realm of mining and quarrying, October 2023 witnessed a significant downturn in the extraction of crude and natural gas, registering an inflation rate of 0.9%, reflecting a substantial 29.4 percentage points decrease from September’s 30.3%.

The mining of metal ores also witnessed a contraction to 14.8% in October from 34.0% in the previous month. Notably, mining support service activities recorded an inflation rate of 60.5%, adding a layer of complexity to the sector’s dynamics.

This nuanced economic landscape suggests a multifaceted trajectory for Ghana’s PPI, demanding a closer examination of sector-specific intricacies and potential ramifications on the broader economy.

Tags: Ghana Statistical ServicePPI plummets to 9.6% in October 2023Producer Price Index (PPI)reflecting a 15.5% drop from September's 25.1%
No Result
View All Result

Highlights

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

Trump Weighs Using $2 Billion in CHIPS Act Funding for Critical Minerals

Moving Gold, Moving Economies: The Rise of Migrant Women in Zimbabwe’s Mining Sector

Senegal and Mercedes-Benz Partner to Build Trucks

INTERPOL Recovers Over $90 Million From African Crime Syndicates

Trending

Features

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

August 23, 2025

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul In the heart of West...

The 10 Fastest-Growing Trading Nations in Africa

August 23, 2025

Nigeria’s 1.6 Million Container Trade Far Less Than it’s Ports Potential – Logistics Expert

August 23, 2025

Inside Details of Presco’s $172m Acquisition of SOP, Ghana Oil Palm Firm

August 23, 2025

Africa’s Richest Economy’s Currency Hits Nine-Month High as Fed’s Dovish Signal Weakens Dollar

August 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.