Thursday, 21 May

Producer inflation rises to 2.7% in April on mining sector price increases

Business
Inflation

Producer price inflation increased to 2.7% in April 2026 from 1.6% in March, according to the latest Producer Price Index report released by the Ghana Statistical Service.

The 1.1 percentage point increase was largely driven by higher prices in the mining and quarrying sector.

Month-on-month producer inflation, however, slowed to 0.4% in April compared to 0.7% in March, indicating slower short-term price increases at the producer level.

The mining and quarrying sector, which accounts for 43.7% of the Producer Price Index basket, recorded inflation of 5.6% in April, up from 3.9% in March.

The manufacturing sector remained in negative territory but showed some improvement, with inflation at negative 0.6% in April compared to negative 2.2% in March.

In the utilities sector, electricity and gas recorded inflation of 11%, while water supply and waste management posted inflation of 10.3%.

Transport and storage inflation also improved, although it remained negative at minus 7.1% in April from minus 9.8% in March.

Source: classfmonline.com