Government Statistician Dr Alhassan Iddrisu has urged businesses to rely on the latest producer inflation figures to guide their cost management and pricing decisions.
He also encouraged households to use the data to plan their budgets, while calling on policymakers to monitor price developments in the mining, manufacturing and energy sectors.
Producer price inflation rose to 4.8 per cent in September 2026, up from 4.4 per cent recorded in August.
Explaining the figures, Dr Iddrisu said the increase meant that prices received by producers for their goods and services at the factory gate, before reaching retail outlets, were on average 4.8 per cent higher than in September 2025.
Meanwhile, month-on-month producer inflation declined to 1.3 per cent, largely driven by developments in the mining and quarrying sector.
The mining and quarrying sub-sector accounted for 2.4 percentage points of the overall 4.8 per cent producer inflation rate recorded in September. Within the sector, prices of crude oil and natural gas increased by 18.3 per cent over the 12-month period.
Manufacturing inflation also climbed from 3.6 per cent in August to 4.6 per cent in September 2026. Combined, the mining and manufacturing sectors contributed 4.0 percentage points to the overall producer inflation rate.
The electricity and gas sub-sector recorded the highest inflation rate of 9.8 per cent, although this represented a decline from the 12.3 per cent recorded in August.
Speaking at a press conference in Accra on Tuesday, October 20, Dr Iddrisu stressed that changes in producer prices could eventually affect the prices consumers pay in shops.
He therefore urged businesses to incorporate the latest figures into their cost and pricing strategies, while advising households to plan their spending carefully and encouraging policymakers to closely monitor inflationary pressures across key sectors of the economy.
