Consumers, businesses and policymakers are being urged to adjust their spending and pricing decisions following a 3.3 percent month-on-month increase in producer prices for January 2026.

Data released by the Ghana Statistical Service shows that while year-on-year producer inflation remains moderate, short-term price momentum is strengthening.

Speaking at the January Producer Price Index (PPI) release, Government Statistician, Dr. Alhassan Iddrisu, outlined specific measures for households, firms and policymakers.

For consumers, he stated: “Shift consumption toward goods and services with more stable prices to help protect real incomes.”

He further added: “Make informed spending decisions by focusing on value and price, using PPI trends to guide purchasing strategies.”

On the business front, particularly for firms dependent on manufactured inputs, he said: “With manufacturing inflation negative, firms relying on manufactured inputs should negotiate medium-term supply contracts to secure favorable pricing.”

However, he cautioned: “The 3.3% MoM increase suggests short-term price pressures. Firms should adjust pricing cautiously to avoid demand contraction.”

For government, Dr. Iddrisu emphasized close monitoring of price movements, stating:
“With moderate YoY inflation but strong MoM growth, authorities should closely monitor short-term price momentum to prevent reaccelerating.”

He also noted the opportunity presented by easing transport costs:

“Declining transport inflation is positive for cost competitiveness. Thus, policies should aim to maintain fuel supply stability and logistics efficiency.”

The January PPI data serve as an early indicator of cost trends within the production sector, with potential implications for consumer inflation in the months ahead.