The Ghana Statistical Service (GSS) has announced a decline in the year-on-year producer inflation rate, which fell to 24.4 percent in March 2025 from 27.6 percent recorded in February.
This signals a continued slowdown in the prices of goods and services at the production level.
Month-on-month, producer inflation rose by 0.6 percent in March 2025, lower than the 1.5 percent rise recorded in February, according to the latest Producer Price Index (PPI) report.
The industry sector, excluding construction, remained the key driver of inflation, though its annual rate dropped significantly from 42.9 percent in February to 36.3 percent in March. On a monthly basis, prices in this sector increased by 0.7 percent.
Within the industrial sector, the Mining and Quarrying sub-sector recorded the most notable decline, falling by 9.2 percentage points to 35.4 percent. The Manufacturing sub-sector, however, saw a slight uptick from 20.8 percent in February to 22.8 percent in March. Electricity and Gas inflation also dipped, recording 5.1 percent in March from 9.7 percent in the previous month.
Water supply, sewerage, and waste management sub-sector inflation stood at 4.8 percent.
In the construction sector, producer inflation fell marginally from 15.8 percent in February to 15.4 percent in March. Sub-sector breakdowns showed that Building Construction inflation dropped to 14.3 percent, while Specialised Construction Activities saw a slight rise to 17.9 percent. The Civil Engineering sub-sector remained unchanged at 15.7 percent.
For the services sector, year-on-year producer inflation declined to 7.2 percent in March from 7.8 percent in February, with a 0.2 percent month-on-month change.
A closer look at sub-sectors revealed that the Transport and Storage sub-sector saw a 2.3 percentage point drop to 20.4 percent, while inflation in Accommodation and Food Services fell sharply from 29.1 percent to 22.6 percent. The Information and Communication sub-sector recorded a relatively low inflation rate of 4.1 percent.
The drop in producer inflation, according to analysts, may reflect easing cost pressures in the production chain, though sectors like manufacturing and mining remain volatile contributors.
Ghana|Atinaonline.com| Najat Adamu