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Producer inflation hits highest points since 2019
Youth Affairs, Sports and Arts Cabinet Secretary Ababu Namwamba with Kenya Association of Manufacturers (KAM) chairman Rajan Shah and Head of German Development Corporation at the German Embassy Daniel Guenther. PHOTO | DIANA NGILA | NMG
A sharp increase in producer inflation, which measures the price movement of manufactured goods before they are dispatched to retailers, has hit a three-year high as players grapple with supply disruptions and the effects of a global economic slowdown.
Data from the Kenya National Bureau of Statistics (KNBS) indicates that the cost of manufacturing as measured by the Producer Price Index (PPI) hit 16.53 per cent in June before easing to 15.78 per cent in September but remained the highest since 2019 September when the inflation rate stood at 1.40 per cent.
