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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GhanaGhana Producer Price Index YoY climbed to 2.7% in April 2026
FMPMonthlyReleased May 2026
Ghana Producer Price Index YoY climbed to 2.7% in April 2026, released May 2026, up 1.2% from March's 1.5% reading. The print exceeded the 1.7% consensus by 1.0%. The print is running well above the 12-month average of 1.53%. Over the past 3 months, Producer Price Index YoY averaged 1.63%, vs 1.4% in the prior 3-month window. Producer Price Index YoY is now the highest in 6 months.
Latest Release
2.7
Actual
1.7
Consensus
1.5
Previous
Median Absolute Error
±1.03 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.65
Actual: 2.7
Error: -1.05
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 | +0.49 | FOREX | Bullish EUR | → View |
| BTC/USD | ▼ Inverse | −0.36 | CRYPTO | Bearish BTC | → View |
| S&P 500 | ▼ Inverse | −0.35 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Ghana) was reported at 2.7% in May 2026. This beat the market consensus of 1.7% by 1%. The reading rose from the previous value of 1.5%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 3.26%, ranging from 1.3% to 10.2% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.83%, up from the prior three at 1.43%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.03%.
WHAT TO WATCH NEXT
The next release is scheduled for June 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Producer Price Index YoY - GH
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About Producer Price Index YoY — Ghana
DEFINITION
Ghana's Producer Price Index YoY surged to 2.7% in April, beating the 1.7% estimate and rising sharply from March's 1.5%. This acceleration signals increased input cost pressures in the economy after a modest rise the previous month. Market participants will watch upcoming inflation data closely as the central bank maintains a cautious stance. Updated 5/20/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2026): actual 2.7 %, consensus 1.7 %. Prior reading (Apr 2026): 2.7 %. Before that (Mar 2026): 1.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.49) — a useful reference for forex-focused traders.