Producer prices in Ghana surged 7.1 percent year-on-year in April of 2019, the same pace as in the previous month. Prices continued to advance for manufacturing (7.5 percent vs 6.8 percent in March), mostly in production of coke, refined petroleum products (17.2 percent vs 13 percent); chemicals (4.6 percent vs 1.3 percent) and rubber & plastics (3.7 percent vs 3.1 percent). Meanwhile, cost slowed for mining & quarrying (12.3 percent vs 15.9 percent) and utilities (1.0 percent vs 0.8 percent). On a monthly basis, producer prices increased 0.9 percent, after an upwardly revised 1.3 percent rise in the previous month. Producer Prices Change in Ghana averaged 14.85 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.
Producer Prices Change in Ghana is expected to be 6.80 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 3.00 in 12 months time. In the long-term, the Ghana Producer Prices Change is projected to trend around 2.60 percent in 2020, according to our econometric models.