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Originally published by Nation Business
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business
October 25, 2024
11mo ago

Eyes on retailers as average cost of factory inputs drops

Eyes on retailers as average cost of factory inputs drops

Drop signals a reprieve for manufacturers in the form of lower costs of purchasing materials...

✨ Key Highlights

The average cost of factory inputs in Kenya has dropped, leading to expectations on how retailers will respond to this change. This decrease coincides with a year-on-year decline in the national Producer Price Index (PPI), which affects the pricing strategies of manufacturers.

  • PPI decreased to 135.24 points last month from 140.35 a year ago.
  • Reported by the Kenya National Bureau of Statistics.
  • The year-on-year inflation rate fell to 3.6 percent in September, the lowest since December 2012.

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