Producer Prices in Ghana increased 8.40 percent in May of 2020 over the same month in the previous year.

Producer Prices Change in Ghana averaged 14.33 percent from 2009 until 2020, reaching an all time high of 48.56 percent in August of 2014 and a record low of 2 percent in July of 2017. This page provides the latest reported value for - Ghana Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ghana Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Producer Prices Change in Ghana is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Ghana to stand at 7.60 in 12 months time. In the long-term, the Ghana Producer Prices Change is projected to trend around 8.00 percent in 2021 and 7.70 percent in 2022, according to our econometric models.

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Ghana Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
8.40 7.40 48.56 2.00 2009 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-18 12:10 PM Feb 11.8% 13.3% 12.6%
2020-04-22 11:45 AM Mar 6.8% 10.5% 10%
2020-05-20 10:00 AM Apr 7.4% 6.8% 4%
2020-06-17 11:40 AM May 8.4% 7.4% 7%
2020-07-17 10:10 AM Jun 8.4% 9%
2020-08-17 10:00 AM Jul
2020-09-18 10:30 AM Aug
2020-10-19 10:30 AM Sep 8%

News Stream
Ghana Producer Inflation at 3-Month Low of 8.9%
Producer Prices in Ghana increased 8.9 percent year-on-year in October 2019, easing from a downwardly revised 9.1 percent surge in the previous month. It was the lowest producer inflation since July, as cost slowed for manufacturing (3.1 percent vs 4.1 percent in September), mainly due to lower prices of coke, refined petroleum products (-5.7 percent vs -2.7 percent) and mining & quarrying (34.4 percent vs 37.1 percent), namely non-ferrous metal ores (35.9 percent vs 38.8 percent). However, inflation sharpened for utilities amid the recent hikes in tariffs (12.6 percent vs 6.8 percent), namely electricity (12.7 percent vs 6.7 percent) and water supply (10.4 percent vs 8 percent). On a monthly basis, producer prices inched up 1.4 percent, after a 0.5 percent decrease in the previous month.
Ghana Producer Inflation Highest since 2016
Producer prices in Ghana climbed 10.2 percent year-on-year in August 2019, after rising 8.8 percent in the previous month. It was the highest producer inflation since November 2016, pushed up by prices of mining & quarrying (36.5 percent vs 27.6 percent in July); utilities (6.9 percent, the same pace as in July) and manufacturing (5.8 percent vs 5.4 percent), mostly in production of machinery & equipment (24.7 percent) and other non-metallic products (12.4 percent). On a monthly basis, producer prices went up 1.2 percent, easing from a 1.9 percent rise in the preceding month.
Ghana Producer Inflation at Over 1-1/2-Year High of 8.8%
Producer prices in Ghana rose 8.8 percent year-on-year in July 2019, following a downwardly revised 7.1 percent rise in the previous month. This is the highest producer inflation since December of 2017. Prices advanced faster for mining & quarrying (27.6 percent vs 22.4 percent in June); utilities (6.9 percent vs 1.1 percent), mostly due to hikes in electricity and water tariffs with effect from July; and manufacturing (5.4 percent vs 5.3 percent). On a monthly basis, producer prices inched up 1.9 percent, after a 1.6 percent increase in the previous month.

Ghana Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.