Producer prices in Kenya dropped 0.51 percent year-on-year in the fourth quarter of 2019, following an upwardly revised 0.53 percent gain in the previous three-month period. It was the steepest decline in producer prices since the third quarter of 2016. The main negative contributions came from cost of paper and paper products (-4.96 percent); wood and products of wood and cork except furniture food (-7.28 percent); food (-1.09 percent) and electricity (-1.80 percent). On a quarterly basis, producer prices fell 0.66 percent, after decreasing 0.16 percent in the previous quarter.
Producer Prices Change in Kenya averaged 1.79 percent from 2012 until 2019, reaching an all time high of 6.77 percent in the fourth quarter of 2015 and a record low of -2.76 percent in the third quarter of 2016. This page provides - Kenya Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Kenya National Bureau of Statistics
Producer Prices Change in Kenya is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Kenya to stand at -1.00 in 12 months time. In the long-term, the Kenya Producer Prices Change is projected to trend around 2.50 percent in 2020, according to our econometric models.