Producer inflation remains at 7.1% in April 2019

The Producer Price Inflation (PPI) for April 2019 has remained unchanged at 7.1 percent.

Government Statistician, Prof Samuel Kobina Annim

This is the same as the rate for March 2019.

The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services.

According to the Government Statistician, Prof Samuel Annim, factors contributing to this rate include the fall in the price index for the mining and quarrying sector and the petroleum price index, as well as a slight increase in the overall manufacturing and utilities sector.

The manufacturing and utilities sectors increased by 0.7 and 0.3 percentage points to record 7.5 percent and 1.1 percent, respectively. However, these increases became insignificant because the mining and quarrying sector recorded 15.9 percent which is a 3.6 percentage point’s decrease.

The manufacturing sector constitutes more than two-thirds of the total industry in the computation of the PPI.

During the month under review, three out of the sixteen major groups in the manufacturing sub-sector recorded inflation rates higher than the sector average of 6.1 percent.

The producer price inflation rate in the petroleum sub-sector has been volatile both upwards and downwards over the past year. It was 22.7 percent in April 2018. Afterwards, it increased to 44.2 percent in June 2018 but decreased to 31.1 percent in September 2018. However, it increased again to 36.1 percent in October 2018. It again resumed the downward trend to record 3.8 percent in January 2019 but increased consistently to record 17.2 percent in April 2019.

Get our Top Stories delivered to your inbox

Welcome to the Pulse Community! We will now be sending you a daily newsletter on news, entertainment and more. Also join us across all of our other channels - we love to be connected!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Pulse Influencer Awards 2022 is Live!

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Dance

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job