GHDatafie blog

Producer price inflation in Ghana explained: 4.8 percent in September 2026

GHDatafie, 23 October 2026

Producer price inflation in Ghana was 4.8 percent in September 2026, according to the Ghana Statistical Service (GSS). That is the year-on-year change in the prices producers charge for their output, and the figure is provisional. It was 4.4 percent in August 2026.

Producer price inflation for all activities was 4.8 percent in September 2026, according to the Ghana Statistical Service. The figure is provisional, published on 21 October 2026. In August 2026 the rate was 4.4 percent, so September's rate was 0.4 percentage points higher, a change GHDatafie calculated. Producer prices were rising a little faster in September than in August.

What producer price inflation measures

The Producer Price Index (PPI) tracks the prices that producers receive for the goods and services they make, before those goods reach shops. Producer price inflation is the change in that index compared with the same month a year earlier. GSS publishes it in its PPI Newsletter, and the figure GHDatafie carries is the "All PPI" line from Table 1, covering all activities together. The index is on a March 2020 - February 2021 base, which is the period GSS uses as its reference point. GSS prints the rate to one decimal place and marks recent figures "p" for provisional.

You can think of the PPI as the price list at the factory gate rather than at the market stall.

How to read the figure

A year-on-year rate compares one month with the same month twelve months before. A rate of 4.8 percent for September 2026 means producer prices, on average, were 4.8 percent higher than in September 2025.

GHDatafie turned the figure into an everyday example. At a yearly rate of 4.8 percent, something that cost GH₵100 in September 2025 costs GH₵104.8 in September 2026, on average. Here that GH₵100 is a producer's price, not a shop price.

If you see the rate change from one month to the next, the change is in percentage points. The move from 4.4 percent to 4.8 percent is 0.4 percentage points, which is different from a 0.4 percent change.

How the recent figures compare

The figures shown begin in April 2025, when the rate was 18.5 percent, the highest in the pack. After that there is a gap until February 2026. GSS's archive has gaps: no newsletters between August 2022 and January 2026 except April 2025, so the chart above has no values for the months in between.

From February 2026 the rate was much lower. It was 1.4 percent in February 2026, the lowest figure shown, and then rose to 5.8 percent in May 2026 before falling back to 3.5 percent in June. It has risen each month since, reaching 4.8 percent in September. The chart above shows every value.

Every figure shown is marked provisional by GSS. Figures are as published and may be revised.

Common misunderstandings

A lower producer price inflation rate means producer prices are rising more slowly. It does not mean they are falling. Prices fall only when the rate is below zero, and none of the figures shown are below zero.

Producer price inflation is a different measure from consumer price inflation, the figure most people mean when they say "inflation". The PPI looks at prices producers receive, while consumer prices are what households pay in shops and markets. The two can move differently, and the PPI figure on its own does not tell you what has happened to shop prices.

The data also does not say why the rate moved. A rise or fall in the PPI is a description of prices, not an explanation of them.

Where the figures come from

The figures are from the Ghana Statistical Service (GSS), taken from Table 1 of its PPI Newsletter at statsghana.gov.gh. They are as published by GSS and compiled by GHDatafie, which is independent of and not endorsed by GSS. You can see the full set of figures on the producer price inflation series page, and recent publications on the releases page.

Questions people ask

What is Ghana's producer price inflation rate?

Producer price inflation for all activities was 4.8 percent in September 2026, according to the Ghana Statistical Service. The figure is provisional.

What is the difference between producer price inflation and consumer inflation?

Producer price inflation measures the change in prices producers receive for what they make, before goods reach shops. Consumer inflation measures prices households pay, and the two can move differently.

Did producer price inflation in Ghana rise or fall in September 2026?

It rose. GSS reported 4.8 percent for September 2026, up from 4.4 percent in August 2026, which GHDatafie calculated as 0.4 percentage points higher. Both figures are provisional.

Does a lower producer price inflation rate mean prices are falling?

No. A lower rate means producer prices are rising more slowly; they fall only when the rate is below zero. None of the figures shown, from April 2025 to September 2026, are below zero.

Why are there missing months in Ghana's producer price inflation figures?

GSS's newsletter archive has gaps, with no newsletters between August 2022 and January 2026 except April 2025, according to the methodology note. That is why the figures shown jump from April 2025 to February 2026.

Figures in this article

• Producer price inflation, all activities, year on year: Source: Ghana Statistical Service (GSS), statsghana.gov.gh. Figures as published by GSS; compiled by GHDatafie, which is independent of and not endorsed by GSS.

Changes and everyday examples are calculated by GHDatafie from the published figures. GHDatafie is independent and is not part of, or endorsed by, the publishers it quotes.