The year-on-year producer value inflation in ex-factory costs for all items and providers lowered drastically to 10.2% in Might 2025 from 18.5% in April 2025.
That is the bottom charge recorded since November 2023(1.7%)
It additionally signifies that the common costs that producers acquired for his or her items and providers fell by 8.3.% in Might 2025 from April 2025.
The 2 most vital contributors to the decline of producer value inflation in Might 2025 had been Mining and Quarrying (10.6 proportion factors) and Manufacturing (9.5 proportion factors), each accounting for 78.7% of PPI.
The 2 sectors are key to Ghana’s industrial development. Subsequently, the Ghana Statistical Service acknowledged that this presents a window for stabilization, funding, and accountable spending.
The GSS alluded that the general outlook seems optimistic, as producer inflation is downward, and most sectors are experiencing value stability or declines.
It promised to proceed to trace value tendencies intently and supply well timed updates to help knowledgeable decision-making by the general public, companies, and authorities.
Companies
For companies, the GSS known as for a evaluation of the price construction and modify costs to stay aggressive as enter costs decline.
It additionally urged them to renew paused investments or growth plans, supported by a extra steady pricing setting.
Once more, it suggested them to interact monetary companions to renegotiate or safe higher mortgage phrases as a consequence of decrease enter inflation.
Authorities
With regard to authorities, it known as for the fast-tracking of strategic initiatives just like the Gold Board and Agriculture for Transformation Agenda to spice up change charge stability and import substitution.
It additionally advocated using detailed sub-sector information to information inflation management, business, and commerce insurance policies.
Customers and Households
For shoppers and households, the GSS urged them to save lots of extra as costs are rising slowly and even falling.
They had been additionally suggested to keep away from panic shopping for; store correctly and keep away from pointless stockpiling.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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