inflation
inflation

Producer Inflation which measures the average rate of change over a given period, in prices of goods and services at the producer’s level in Ghana remained flat at 7.1 percent during the month of April, just like it recorded during the previous month, Ghana Statistical Service (GSS) announced here on Wednesday.

The Monthly change rate was 0.9 percent during the month under review, compared to the 1.3 percent recorded in March.

Government Statistician, Samuel Kobina Annim attributed the stable producer inflation to the relative stability in the exchange rate of the Ghana cedi currency against the major trading currency.

“You will realize that over the past month, the cedi has even appreciated marginally against the foreign currencies, resulting in the stability that we see,” Annim explained.

The Ghana cedi currency had depreciated more than eight percent between January and middle of March, before seeing some stability. Enditem

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