Ghana’s Producer Price Inflation (PPI) increased to 5.8 percent in May 2026, up from 2.7 percent recorded in April, according to the latest data from the Ghana Statistical Service.
The increase indicates that, on average, prices received by producers for goods and services were 5.8 percent higher in May 2026 compared to the same period last year.
Despite the rise in annual producer inflation, producer prices declined by 1.4 percent between April and May 2026, suggesting a short-term easing of price pressures across the economy.
The Mining and Quarrying sector remained the largest contributor to producer inflation, recording an inflation rate of 11.0 percent in May.
The sector’s strong performance continues to have a significant impact on overall production costs and inflation trends.
The increase in producer inflation was also driven by improved performance in key sectors of the economy. The Manufacturing sector recovered from a negative inflation rate of -0.7 percent in April to 0.7 percent in May, while the Transport and Storage sector rebounded sharply from -6.6 percent to 7.7 percent over the same period, reversing earlier declines in producer prices.
Producer inflation is widely regarded as an early indicator of future price movements in the economy.
According to Government Statistician, Dr. Alhassan Iddrisu, the latest figures provide valuable insights for households, businesses, and policymakers, noting that while consumers can use the data to make informed spending decisions, businesses may leverage it to better plan for input costs, and policymakers can strengthen monitoring of supply chains to manage potential future inflationary pressures.
