Producer Price Inflation for May hits 33.5%

April inflation reached 23.6%

Ghana records highest inflation in more than 18 years

The Ghana Statistical Service (GSS) on Wednesday, June 22, 2022 has announced that the Producer Price Inflation (PPI) for May was 33.5%.

This represents 2.1 percentage points higher than what was recorded in the previous month - April.

The PPI for April 2022, according to GSS was 31.4%.

The Year-on-Year Producer Price Inflation (PPI) for the manufacturing sector was 45%, whereas that of mining and quarrying stood at 23.9%.

Inflation on utilities recorded a 1.1% increment.

Government statistician, Professor Samuel Kobina Annim, said this at a press conference held in Accra on Wednesday, June 22, 2022.



ESA/FNOQ