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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GhanaGhana Producer Price Index YoY climbed to 4.8% in September 2026
FMPMonthlyReleased October 2026
Ghana Producer Price Index YoY climbed to 4.8% in September 2026, released October 2026, up 0.4% from August's 4.4% reading. The reading matched the 4.7% consensus. The print is running well above the 12-month average of 3.29%. Over the past 3 months, Producer Price Index YoY averaged 4.48%, vs 3.73% in the prior 3-month window. The reading is in the 60th percentile of the trailing 24-month range.
Latest Release
4.8
Actual
4.7
Consensus
4.4
Previous
Median Absolute Error
±0.29 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 4.81
Actual: 4.8
Error: +0.01
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.44 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.28 | INDEX | Moves against | → 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 4.8% in October 2026. This beat the market consensus of 4.7% by 0.1%. The reading rose from the previous value of 4.4%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 3.17%, ranging from 1.3% to 5.8% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 4.67%, down from the prior three at 4.73%. Volatility over the past year (σ 1.62%) is lower than the prior year (σ 10.22%). In October readings over the past 3 years, Producer Price Index YoY has averaged 4.27%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29%.
Auto-generated from current model state · Refreshes on each release · Last update October 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 rose to 4.800000% in October, beating the 4.700000% estimate and up from September's 4.400000%. This increase signals accelerating producer inflation compared to the prior month. Market participants will watch for central bank responses amid persistent price pressures. Updated 10/22/26
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 (Sep 2026): actual 4.8 %, consensus 4.7 %. Prior reading (Sep 2026): 4.8 %. Before that (Aug 2026): 4.4 %.
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 USD/JPY (Bearish USD, r=-0.44) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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