Producer prices in Ghana soared 13 percent year-on-year in December 2019, up from a 9.9 percent jump in the previous month. It was the highest producer inflation since March 2016, mainly due to rising fuel prices. On a monthly basis, producer prices went up 1.5 percent, following a 0.3 percent increase in the previous month.
Producer Prices Change in Ghana averaged 14.51 percent from 2009 until 2019, reaching an all time high of 48.56 percent in August of 2014 and a record low of 2 percent in July of 2017. This page provides the latest reported value for - Ghana Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ghana Statistical Services
Producer Prices Change in Ghana is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Ghana to stand at 8.50 in 12 months time. In the long-term, the Ghana Producer Prices Change is projected to trend around 8.00 percent in 2020, according to our econometric models.