The Industrial Producer Price Index (I-PPI) rate for January 2025 has increased to 43.7%, the Ghana Statistical Service (GSS) has indicated.
The rate represents a 3.5 percentage point increase in industrial producer inflation relative to the rate recorded in December 2024 which was 40.2%.
The month-on-month change in the I-PPI between December 2024 and January 2025 was 4.5%.
The GSS has however indicated that the figures are provisional and is subject to revision when additional data becomes available adding that all other indicators are final.
Meanwhile, the industrial producer price inflation in the mining and quarrying sub-sector increased in January 2025 to 47.5% by 4.7 percentage points compared to the December 2024 rate of 42.8%.
The manufacturing sub-sector also increased by 1.1 percentage points to 19.9% in January 2025 while the electricity and gas sub-sector recorded a 9.5% inflation rate for January 2025, an increase of 1.4 percentage points over the December rate of 8.1%.
The water supply, sewerage, and waste management sub-sector also recorded an inflation rate of 4.8%.
The extraction of crude and natural gas recorded an inflation rate of 28.2%, indicating an increase of 7.2 percentage points over the December 2024 rate of 21.0%. Mining of metal ores increased to 61.2% in January 2025 from 59.3% in December 2024. Mining support service activities recorded an inflation rate of 77.6%.
However, three of the 23 major groups in the manufacturing sub-sector recorded inflation rates higher than the sector’s average of 19.9%. The Manufacture of basic metals recorded the highest inflation rate of 49.5%, followed by the manufacture of motor vehicles, trailers and semi-trailers at 35.8 %, and the manufacture of leather and related products.
A Business Desk Report