Dr. Alhassan Iddrisu
The Ghana Statistical Service (GSS) latest Producer Price Inflation shows a sharp increase to 5.8% in May 2026, up from 2.7% in April with mining and quarrying costs being the main drivers.
The increase means producers received, on average, 5.8% more for goods and services compared to May 2025.
Despite the annual rise, producer prices fell 1.4% month-on-month between April and May 2026, pointing to a short-term easing of price pressures across parts of the economy.
The mining and quarrying sector posted inflation of 11.0% in May, underscoring its strong influence on overall production costs and price trends.
Other key sectors rebounded. Manufacturing returned to positive territory, with inflation rising from -0.7% in April to 0.7% in May.
The transport and storage sector saw a sharp recovery, moving from -6.6% to 7.7%, reversing earlier price declines.
Producer Price Inflation is widely viewed as an early signal of future consumer price movements, as changes in production costs can be passed on to households through higher retail prices.
The latest data offers signals for businesses, consumers, and policymakers. Businesses can use the figures to plan for input costs, while policymakers can track supply chain shifts and emerging price trends to manage inflation risks.
The May data shows annual cost pressures have strengthened, but recent monthly declines could bring some relief if sustained, helping to moderate future inflation.
A Business Desk Report