Producer Price Inflation Slows to 1.4% in February 2026
Ghana’s producer price inflation slowed to 1.4% in February 2026, down from the previous month, according to data released by the Ghana Statistical Service.
The decline indicates a slowdown in the rate at which producers of goods and services are increasing prices at the factory gate, before products reach consumers.Month-on-month and year-on-year trends
Producer Price Inflation, PPI, measures the average change over time in the selling prices received by domestic producers for their output.
The 1.4% rate for February 2026 reflects the percentage change in prices of goods at the production level compared to the same month in the previous year. On a month-on-month basis, the index also showed a decline, signaling easing cost pressures for manufacturers.
Sectors driving the slowdown
The drop was largely driven by lower inflation in the mining and quarrying sub-sector, as well as manufacturing. Utilities recorded a relatively stable rate compared to January.
Analysts note that reduced global commodity prices and relative stability in the cedi have helped lower input costs for producers. Lower fuel and transport costs also contributed to the easing of producer inflation.
Implications for consumers
Producer inflation often influences consumer price inflation with a time lag. A slowdown at the producer level could lead to lower consumer prices in the coming months if the trend continues.
However, the Ghana Statistical Service cautioned that global market conditions and exchange rate movements remain key factors that could affect future trends.
Context on inflation in Ghana
Ghana has been working to stabilize inflation after periods of high rates in previous years. Both consumer and producer inflation are closely monitored by the Bank of Ghana as part of monetary policy decisions.
About The Author
