Producer Price Indices for Fourth Quarter 2023

The Kenya National Bureau of Statistics hereby releases the Producer Price Index (PPI) for the fourth quarter 2023. The quarterly producer prices are denoted by the last month of the quarter and are collected as at the middle of the quarter. The fourth quarter year on year producer inflation was 10.49 per cent in December 2023 which was lower than 16.26 per cent recorded in December 2022. The index rose from 132.07 in December 2022 to 145.92 in December 2023. Trends in the year-on-year Producer Price Index (PPI) and producer inflation from March 2021 to December 2023 are depicted in Figure 1 while Table 1 presents the overall PPI and producer inflation rates from March 2021 to December 2023. Over the period, producer inflation was highest in June 2022.