Transport Pushes Producer Inflation To 5.6% In September

The Producer Price Inflation (PPI) surged 1.5 percentage points to 5.6% in the month of September 2022.

This was as a result of increasing inflation in the Transport and Storage sub-sector which recorded the highest year-on-year PPI of 27.3%.

It was followed by the Accommodation and Food sub-sector with 24.9%.

However Information and Communication sub-sector recorded the lowest year-on-year PPI of 0.9%.

According to figures from the Ghana Statistical Service, the Transport and Storage sub-sector recorded the highest monthly inflation rate of 4.9%, followed by the Accommodation and Food sub-sector with 4.0%.

Again, the Information and Communication sub-sector recorded the lowest inflation of 0.1% in September 2022.

For the Transport and Storage sub-sector, the producer inflation in the air transport sub-sector increased by 22.8 percentage points from 12.7% in August 2022 to 35.5% in September 2022.

The inflation for the land transport sub-sector increased by 0.3 percentage points to 33.9% in September 2022. The rate for water transport remained unchanged (48.8%) in September 2022.

Warehousing and support activities also recorded inflation of 26.4% while postal and courier activities recorded 14.4%.

With regard to Accommodation and Food Sector, food and beverage service activities recorded inflation of 20.4% in September 2022 compared to 19.0% in August 2022.

For Information and communication Sector, Motion picture, video and television programme
production and sound recording (13.9%) had the highest inflation in September 2022, while
computer programming, consultancy and related activities recorded the lowest with -1.4%.

The PPI, measures the average change over time in the prices received by domestic producers for the production of their goods and services.

•Joy Business