Producer Inflation Rises to 5.8% as Mining, Transport Costs Climb

Ghana’s producer inflation rate rose sharply to 5.8 percent in May, up from 2.7 percent in April, with mining and quarrying, water supply, and transportation emerging as the biggest drivers of the increase, according to the Ghana Statistical Service. The Service said mining and quarrying recorded the highest year-on-year producer inflation rate at 11 percent, followed by water supply, sewerage and waste management at 10.2 percent, while transportation and storage posted 7.7 percent. Electricity…