Producer prices in Kenya went up 0.37 percent year-on-year in the third quarter of 2018, compared to a downwardly revised 0.04 percent drop in the previous three month period. Prices increased for beverages (2.36 percent); basic metals (1.55 percent); chemicals and chemicals products (6.34 percent); rubber and plastic products (4.06 percent) and mining and quarrying (9.83 percent). On the other hand, cost fell for food products (-4.18 percent); electricity (-7.28 percent) and other non-metallic mineral products (-0.43 percent). On a quarterly basis, producer prices advanced 0.49 percent. Producer Prices Change in Kenya averaged 2.06 percent from 2012 until 2018, 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.
Producer Prices Change in Kenya is expected to be 3.20 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 2.85 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.