Construction Input Price Indices for Second Quarter 2024

Abstract

The Kenya National Bureau of Statistics hereby releases Construction Input Price Indices (CIPI) for the second quarter of 2024. The indices are generated from price data collected from a representative sample of outlets that trade in construction materials. The prices are collected quarterly on the 15th day of the mid-month of the quarter for the transactions that occurred. The CIPI and Inflation Rates are as shown in Table 1 and 2. CIPI-Inflation rate in Q2 2024 is 3.53 per cent which is slightly lower than the previous quarter (Q1 2024 at 3.56%) but higher than the similar period previous year (Q2 2023 at 0.46%). The increase was driven by rise of the indices of cement, quarry products, sand and paints among other products. Cement indices rose by 3.12 per cent to 114.16 in Q2-2024. Hardcore increased by 1.76 per cent from 111.29 to 113.25 in Q2-2024 while Sand increased by 1.93 per cent to 102.47 in Q2-2024. Paints index increased by 3.75 per cent to 112.47. Notably, the indices of bitumen and glass products registered sharp declines. Dense Bitumen Macadam (DBM) decreased by 4.70 per cent to 162.11 in Q2- 2024.