Producer Price Indices First Quarter-2013

Abstract

Kenya National Bureau of Statistics hereby releases the Producer Price Indices (PPI) for the first quarter of 2013. Producer Price Indices measure the gross changes in the producer prices of products on the domestic and the non-domestic markets, at all stages of processing. The price changes are measured from the perspective of the seller. The PPIs are used as an aspect of output for the seller. The producer prices are collected as at 15th February, 15th May, 15th August and 15th November of the year. These dates corresponds to the first, second, third and fourth quarters respectively. The PPI data are widely used by both the business community and government, and enable monitoring of prices at different stages of the industrial process.

As shown in Table 1, the Producer Price Indices are grouped according to the International Standards of Industrial Classifications of All Economic Activities (ISIC). In the first quarter of 2013 that is from January 2013 to March 2013, the overall producer prices increased by 1.31 per cent. The ‘year on year’ PPI inflation, i.e. from 1st quarter 2012 to 1st quarter 2013 was 2.6 per cent. In the last three months, Mining and Quarrying index increased by 3.99 per cent while food products rose by 2.77 per cent.