Producer inflation rises to 4.0% in July

Producer Price Inflation (PPI) in Ghana increased to 4.0% in July 2026, up from 3.5% in June 2026, according to the Ghana Statistical Service (GSS). This means that, on average, the prices domestic producers received for goods and services were 4.0% higher than in July 2025. The PPI, which tracks price changes for domestic producers, reached 272.6 in July, compared to 267.4 in June and 262.2 in July 2025.

Month-on-month, producer inflation surged by 2.0% in July, after declining by 3.7% in June. The Industry sector, excluding Construction, saw a year-on-year inflation rate of 5.6% in July, the highest among the three sectors, while Construction recorded 4.8% and Services 2.5%. Monthly, Industry excluding Construction experienced a 4.0% increase, with Construction and Services each growing by 0.2%.

The July figures suggest rising price pressures at the producer level, which could potentially impact consumer prices depending on market conditions. The PPI is a crucial economic indicator for monitoring price movements before they affect consumers. Data for the July release was gathered from 603 producers across Ghana, covering 2,639 products and services. The figures are provisional and may be revised with additional data.