Latest data from the Ghana Statistical Service (GSS) shows Producer Price Inflation (PPI) for October 2024 recorded a significant year-on-year increase of 33 percent, marking a 2.5 percentage point rise from the previous month's rate of 30.5 percent.
This has heightened concerns over potential higher consumer prices.
This sharp acceleration in producer inflation indicates a continued upward trend in the cost of goods and services produced in Ghana.
The month-on-month change in the Producer Price Inflation (PPI) between September and October 2024 was 3.0 percent, further highlighting the inflationary pressures facing the economy.