{
  "id": 2101496,
  "title": "Mining pushes producer inflation to 4%",
  "url": "https://urgent.news/2026/08/20/mining-pushes-producer-inflation-to-4",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T08:35:11.000Z",
  "source": {
    "name": "Ghanaian Times",
    "slug": "ghanaian-times",
    "url": "https://ghanaiantimes.com.gh/mining-pushes-producer-inflation-to-4/"
  },
  "original_language": "en",
  "account": "Ghana's Producer Price Index (PPI) inflation surged to 4.0 percent in July 2026, from 3.5 percent in June, primarily due to higher production costs in industry, notably mining and quarrying. Industry, excluding construction, saw annual inflation of 5.6 percent, while construction experienced 4.8 percent. The services sector recorded 2.5 percent inflation. Government Statistician Dr Alhassan Iddrisu reported this during a news conference in Accra, stating that the figures were provisional and subject to potential revision with additional data. The increase in PPI reflected a broad rise in producer price pressures, with mining and quarrying contributing the largest share. Producer prices climbed by 2.0 percent between June and July 2026, with almost all sub-sectors posting positive or stable month-on-month inflation. PPI index rose to 272.6 in July, from 267.4 in June and 262.2 in July 2025. Dr Iddrisu emphasized that mining and quarrying, accounting for 43.7 percent of the PPI basket, was the main driver of the annual increase. Its inflation rate jumped from 2.6 percent in June to 3.5 percent in July, contributing 1.5 percentage points to the overall rate. This sharp monthly surge in the sector was attributed to developments, including higher gold prices. Mining and quarrying recorded month-on-month inflation of 3.0 percent, contrasting with a 9.4 percent decline in June. Manufacturing, with a 35 percent weight in the index, also experienced a modest increase in annual inflation, rising from 3.5 percent in June to 3.7 percent in July. Within manufacturing, prices varied; fabricated metal products saw the highest annual inflation at 25.9 percent, while leather and related products recorded 17.4 percent, and non-metallic mineral products experienced a 2.3 percent deflation. Dr Iddrisu noted that electricity and gas remained among the sectors with the strongest annual price pressures, recording 13.3 percent inflation, up from 12.5 percent in June. Water supply, sewerage, and waste management also saw 10.1 percent inflation, alongside transport and storage at the same level. In the services sector, producer inflation stood at 2.5 percent, with land transport at a higher rate of 23.4 percent and accommodation and food services at 9.9 percent. Dr Iddrisu suggested that while producer inflation remained moderate, cost pressures in key sectors could potentially impact consumer prices if businesses transferred higher production and operating costs to households.",
  "summary": "Ghana’s Producer Price Index (PPI) inflation rose to 4.0 per cent in July 2026, from 3.5 per cent in June, driven largely by higher producer costs in industry, particularly mining and quarrying. Industry, excluding construction, recorded annual inflation of 5.6 per cent, while construction recorded 4.8 per cent. The services sector recorded inflation of 2.5 … The post Mining pushes producer…",
  "key_points": [
    "Ghana's Producer Price Index (PPI) inflation rose to 4.0% in July 2026, up from 3.5% in June.",
    "Mining inflation jumped to 3.5% in July, fueled by higher gold prices."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}