Kenya Producer Prices Change

Producer prices in Kenya increased 0.49 percent year-on-year in the third quarter of 2019, following a 1.35 percent rise in the previous three-month period, amid declines in prices of food products (-1.51 percent vs -0.58 percent in Q2); wood & wood products (-3.26 percent vs 22.49 percent) and chemicals (-0.94 percent vs -1.30 percent). In contrast, cost rose further for basic metals (4.43 percent vs 4.23 percent) and mining & quarrying (4.40 percent vs 2.27 percent) while it rebounded for electricity (5.46 percent vs -1.03 percent). On a quarterly basis, producer prices dropped 0.2 percent, after increasing 1.72 percent in the preceding quarter.

Producer prices in Kenya increased 1.35 percent year-on-year in the second quarter of 2019, following a 0.36 percent drop in the previous three-month period. The cost increased the most for: wood & wood products (22.49 percent); rubber and plastic products (9.26 percent); beverages (2.65 percent) and basic metals (4.23 percent). In contrast, prices declined for food (-0.58 percent); electricity (-1.03 percent); chemicals & chemical products (-1.30 percent) and other non-metallic mineral products (-0.58 percent). On a quarterly basis, producer prices went up 1.72 percent, compared to an upwardly revised 1.52 percent decrease in the first quarter of 2019, driven by prices of food (4.57 percent), namely maize flour (36.2 percent); wheat flour (3.5 percent); sugar (7 percent) and milk (2.5 percent).

Producer prices in Kenya decreased 0.36 percent year-on-year in the first quarter of 2019, following a 1.47 percent rise in the previous three-month period. It is the largest decline in producer prices since Q4 2016, amid falling prices of food (-5.02 percent), namely maize flour (-23.5 percent); other non-metallic mineral products (-1.26 percent); electricity (-1.26 percent); tobacco products (-0.19 percent) and wearing apparel (-0.12 percent). In contrast, the biggest increases were recorded in prices of wood and of products of wood and cork except furniture (21.25 percent) and rubber and plastics products (9.66 percent). On a quarterly basis, producer prices went down 1.38 percent, compared to a downwardly revised 0.37 percent gain in Q4 2018.

Producer prices in Kenya went up 1.47 percent year-on-year in the fourth quarter of 2018, up from an upwardly revised 0.61 percent rise in the previous three-month period. It is the highest producer inflation since Q1 2018. Prices increased mostly for beverages (2.16 percent); basic metals (3.41 percent); chemicals and chemical products (6.16 percent); rubber and plastics (4.06 percent); wood and of products of wood and cork except furniture (36.72 percent) and mining products (4.95 percent). In contrast, cost fell for food (-0.17 percent); electricity (-6.75 percent) and tobacco products (-0.58 percent). On a quarterly basis, producer prices inched up 0.44 percent, following an upwardly revised 0.74 percent gain in Q3.