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PPI UP ANNUAL 6.4% IN OCT

 

Industrial producer prices rose by 6.4% in October from the same month a year earlier, the Central Statistical Office (KSH) said. Prices for domestic sales were up 8.2% while export prices increased by 5.4%. In a month-on-month comparison, industrial producer prices were up 0.6% as domestic prices were up 0.7% and export prices were up 0.6%.

Year-on-year, factory gate prices in the manufacturing sector grew by 5.3% in October. Prices of the transport equipment segment were up 3%, and prices in the computer, electronic and optical products segment were up 4.8%. Prices in the food, beverages and tobacco segment were up 2.4%. Prices in the gas, electricity and steam supply segment rose 13.2%.

In a month-on-month comparison, producer prices in the manufacturing sector were up 0.5%. Prices in the transport equipment segment rose by 0.6%, and prices in the computer, electronic and optical products segment were stable. Prices in the food, beverages and tobacco segment fell 0.2%. Prices in the gas, electricity and steam supply segment were up 1.3%.

In January-October 2018, industrial producer prices increased by an annual 5.6% compared with the same period last year, as domestic prices climbed 5.9% and export prices were up 5.4%.