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 Change in Kenya averaged 1.94 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.
Producer Prices Change in Kenya is expected to be 3.00 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 3.00 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.