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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GhanaGhana Producer Price Index YoY climbed to 4.4% in August 2026
FMPMonthlyReleased September 2026
Ghana Producer Price Index YoY climbed to 4.4% in August 2026, released September 2026, up 0.4% from July's 4.0% reading. The reading matched the 4.5% consensus. The print is running well above the 12-month average of 2.49%. Over the past 3 months, Producer Price Index YoY averaged 4.2%, vs 2.62% in the prior 3-month window. The reading is in the 58th percentile of the trailing 24-month range.
Latest Release
4.4
Actual
4.5
Consensus
4
Previous
Median Absolute Error
±0.47 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 4.73
Actual: 4.4
Error: +0.32
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 | −0.48 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.34 | 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 4.4% in September 2026. This missed the market consensus of 4.5% by 0.1%. The reading rose from the previous value of 4%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 2.88%, ranging from 1.3% to 5.8% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 4.27%, up from the prior three at 3.3%. Volatility over the past year (σ 1.45%) is lower than the prior year (σ 9.31%). In September readings over the past 3 years, Producer Price Index YoY has averaged 3.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.48%.
WHAT TO WATCH NEXT
The next release is scheduled for September 17, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 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 4.000000% in July, surpassing the 3.000000% estimate and up from June's 3.500000%. This marks a deceleration from June's 5.8% but maintains upward pressure on input costs. Market focus remains on inflation trends ahead of upcoming monetary policy decisions. Updated 8/19/26
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 (Aug 2026): actual 4.4 %, consensus 4.5 %. Prior reading (Jul 2026): 4 %. Before that (May 2026): 5.8 %.
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=-0.48) — a useful reference for forex-focused traders.
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Economic Calendar - GH Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:10 | GH | Producer Price Index YoY | 4.4 | 4 | 4.5 | 4.45 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | GH | Producer Price Index YoY | 4.4 | 4 | 4.5 | 4.45 | Low |