RSS Ghana's Producer Price Index Declines to 26.90% in November 2024

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 RSS Ghana's Producer Price Index Declines to 26.90% in November 2024

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Accra, Ghana – The latest data update on Ghana's Producer Price Index (PPI), reflecting the cost of goods as they leave production, shows a significant year-over-year decrease for November 2024. The PPI has decreased to 26.90%, down from the previous month's figure of 33.00% recorded in October.

This decline marks a notable shift in the economic landscape of Ghana, indicating easing inflationary pressures on manufacturers. The PPI measures the average change over time in the selling prices received by domestic producers for their output, and this downward adjustment suggests a potential stabilization in production costs, which could positively influence consumer prices in the upcoming months.

Analysts interpret this decrease as part of a broader trend of declining inflation rates, attributing it to various factors, including potential improvements in supply chains and favorable economic policies implemented by the government. The latest figures were updated on 18 December 2024, and industry stakeholders are closely monitoring these shifts as they could impact future market conditions and economic strategies.

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