Producer price inflation increases to 4.8% in September 2026

In September 2026, Producer Price Inflation (PPI) surged to 4.8%, marking a 0.4 percentage point increase from the previous month. Month-on-month, PPI decreased to 1.3% from 2.5% in August 2026. The Ghana Statistical Service reported that Mining and Quarrying experienced the highest inflation levels, climbing from 360.5 to 380.4.

This sector underwent significant fluctuations, recovering in early 2026, plummeting in June, and then rebounding. Crude Oil and Natural Gas extraction had the highest inflation rate of 18.35%, while the Mining of Metal Ores saw a decrease from -0.4% to -2.3%. Mining Support Service Activities recorded a 5.3% inflation rate, down from 5.7% the previous month.

Manufacturing inflation rose from 258.7 to 270.5, with most sub-sectors experiencing above-average inflation. Leather and related products saw the highest rate at 15.8%, followed by fabricated metal products at 14.3%. In contrast, other non-metallic mineral products deflated by 1.1%. Electricity, Gas, Steam, and Air Conditioning Supply prices increased from 218.5 to 239.8, with Electric Power Generation, Transmission, and Distribution recording the highest inflation at 10.2%.

The Electricity, Gas, Steam and Air Conditioning Supply Index rose from 218.5 to 239.8. The Construction C-PPI also rose to 4.7%, indicating a 4.7% increase in construction prices between September 2025 and September 2026. Service PPI increased by 1.4%. The Ghana Statistical Service advised consumers to prioritize essential spending, reduce non-essential costs, and adopt energy- and water-saving practices.

Businesses were urged to manage rising input costs, improve efficiency, and review pricing to maintain profitability amidst price increases. The PPI reflects the average change in prices received by domestic producers for their goods and services.