The Producer Price Inflation (PPI) rate for December 2022 was 52.2 percent, down from 78.1 percent the previous month.

This rate indicates that between December 2021 and December 2022 (year-on-year), the PPI increased by 52.2 percent, representing a 25.9 percentage point decrease in producer inflation relative to the rate recorded in November 2022 (78.1 percent).

In a statement, the Ghana Statistical Service said the month-on-month change in the PPI between November and December 2022 was negative 13.3 percent.

The producer price inflation in the construction sector decreased to 65.7 percent in December 2022 from 94.3 percent in November 2022.

The rate in the construction sector decreased to 22.1 percent in December 2022 from 26.6 percent in November 2022.

In the Services sector, the rate decreased from 12.6 percent in November 2022 to 10.0 percent in December 2022.

Mining and quarrying at 73.4 percent, manufacturing 64.2 percent, transport, and storage; 63.6 percent recorded rates above the national average, while information and communication activity recorded the lowest rate of 2.7 percent in December 2022.