Ghana’s producer price inflation jumped to 5.8% in May 2026, up sharply from 2.7% in April, according to Ghana Statistical Service.

Despite that year-on-year acceleration, prices producers actually received slipped 1.4% from April to May, suggesting some near-term relief even as the annual figure climbed.

Mining and quarrying stayed the biggest driver behind the increase, posting an 11.0% inflation rate for the month and continuing to push up overall production costs.

Manufacturing also flipped from a -0.7% reading in April to a positive 0.7% in May, while transport and storage swung from -6.6% to 7.7%, a sharp reversal after several months of falling prices in that sector.

Government Statistician Dr. Alhassan Iddrisu said the figures give useful signals across the board: households can factor them into spending decisions, businesses can use them for input-cost planning, and policymakers can lean on them to watch supply chains more closely as a check against future inflation.

Producer price inflation is typically watched as an early signal of where consumer prices may be heading next.