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The Producer Price Inflation (PPI) went down by 4.0% in May 2023 to 30.3%, data from the Ghana Statistical Service revealed.
The month-on-month change in the PPI between April 2023 and May 2023 was however -2.7%.
The PPI in the industry-less construction sector decreased to 32.5% in May 2023, from 37.1% in April 2023.
The rate in the construction sector also decreased to 20.0% in May 2023, from 20.8% in April 2023. In the Services sector, the rate decreased from 19.4% in April 2023 to 18.1% in May 2023.
The Electricity and gas (51.8%), Accommodation and food service activities (51.0%), Transportation and storage (50.7%), Mining and quarrying (36.5%), and Water supply, sewerage, and waste management (31.7%) recorded rates above the national average.
However, the Information and communication activity recorded the lowest rate of 11.2% in May 2023.
Source: myjoyonline.com
