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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GhanaGhana Producer Price Index YoY climbed to 5.8% in May 2026
FMPMonthlyReleased June 2026
Ghana Producer Price Index YoY climbed to 5.8% in May 2026, released June 2026, up 3.1% from April's 2.7% reading. The print exceeded the 3.4% consensus by 2.4%. The print is running well above the 12-month average of 1.64%. Over the past 3 months, Producer Price Index YoY averaged 1.88%, vs 1.47% in the prior 3-month window. Producer Price Index YoY is now the highest in 10 months.
Latest Release
5.8
Actual
3.4
Consensus
2.7
Previous
Median Absolute Error
±1.03 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 3.63
Actual: 5.8
Error: -2.17
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.34 | INDEX | Moves against | → View |
| GBP/USD | ▲ Direct | +0.28 | FOREX | Moves with | → 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 5.8% in June 2026. This beat the market consensus of 3.4% by 2.4%. The reading rose from the previous value of 2.7%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.56%, ranging from 1.3% to 5.8% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.3%, up from the prior three at 1.43%. Volatility over the past year (σ 1.39%) is lower than the prior year (σ 8.16%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.03%.
Auto-generated from current model state · Refreshes on each release · Last update June 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 5.800% in May, sharply beating the 3.400% estimate and rising from April's 2.700%. This acceleration signals a significant increase in producer inflation pressures year-over-year. Market participants will closely watch upcoming inflation data and central bank responses amid this unexpected jump. Updated 6/17/26
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 (May 2026): actual 5.8 %, consensus 3.4 %. Prior reading (Apr 2026): 2.7 %. Before that (Apr 2026): 2.7 %.
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.
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EXPECTED ZONE
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