The Producer Price Inflation (PPI) for the month of May, 2023 fell to 30.3%, from the 34.3% that was recorded in April.
According to the Ghana Statistical Service (GSS), this figure represents a 4.0 percentage point decrease in producer inflation relative to the rate recorded in April 2023 (34.3%).
The GSS data showed that the month-on-month change in the PPI between April 2023 and May 2023 was -2.7 percent.
Per the data from the GSS, the producer price inflation in the industry-less construction sector decreased to 32.5 percent in May 2023 from 37.1 percent in April 2023.
LEARN AND TRADE FOREX WITH GOLIGFX WATCH THE VIDEO BELOW:
Car to Buy
https://jiji.com.gh/bekwai-municipal/buses/mercedes-benz-sprinter-2007-eMxtnijXhiYE7r4NRImhvL17.html?page=4&pos=16&cur_pos=16&ads_per_page=24&ads_count=24&lid=jRBqYaP7WuSzUdW-&indexPosition=87 Yaw Opoku:0543844593
https://jiji.com.gh/offinso-north/buses/mercedes-benz-sprinter-2010-white-xbjfZBs3QaMjfE6cuymmnU3Z.html?page=5&pos=4&cur_pos=4&ads_per_page=24&ads_count=24&lid=ATahfKbH52AGdmS8&indexPosition=99 0240764412
https://jiji.com.gh/tain/buses/bus-2005-silver-uwbmNSkAlpWKM0UiSBtMrGCF.html?page=3&pos=20&cur_pos=20&ads_per_page=21&ads_count=764&lid=NM3HlKsMdpiJRATk&indexPosition=182
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.
The GSS data was released on Wednesday, June 21.
Source:3news.com