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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GhanaGhana PPI YoY fell to 26.1% in December 2024
FMPMonthlyReleased January 2025
Ghana PPI YoY fell to 26.1% in December 2024, released January 2025, down 0.8% from November's 26.9% reading. The print came in cooler than the 30.0% consensus, a softer print than forecasters anticipated. The print is running well above the 12-month average of 23.8%. Over the past 3 months, PPI YoY averaged 28.67%, vs 30.9% in the prior 3-month window. The reading is in the 63rd percentile of the trailing 24-month range.
Latest Release
26.1
Actual
30
Consensus
26.9
Previous
Median Absolute Error
±3.11 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 29.48
Actual: 26.1
Error: +3.38
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI YoY (Ghana) was reported at 26.1% in January 2025. This missed the market consensus of 30% by 3.9%. The reading fell from the previous value of 26.9%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 28.67%, down from the prior three at 30.9%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 3.11%.
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI YoY - GH
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About PPI YoY — Ghana
DEFINITION
PPI YoY stands for Producer Price Index Year-over-Year and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a 12-month period. It is often used as a gauge of inflationary pressures in the economy and can provide valuable insights into the overall health of the manufacturing sector. PPI YoY is closely monitored by investors, policymakers, and businesses to make informed decisions about pricing strategies, production levels, and monetary policy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 26.1 %, consensus 30 %. Prior reading (Dec 2024): 26.1 %. Before that (Nov 2024): 26.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.