The agricultural producer prices rose by 11.6% year on year in February, falling from a growth of 14.3% in January, the Central Statistics Office (KSH) reported on Thursday.
The KSH detected a 13.1% increase in the January-February period. The producer price of slaughter pigs dropped further by 9.3% after a 6.7% fall in January. The producer price of poultry for slaughter increased by 9.5% in the second month and 9.7% in January-February. The producer price of cattle for slaughter edged up by 1.2% in February (versus +2.3% in January) and was up 2.2% in the first two months. The producer price of milk rose 4.9% year on year in February compared to 3.5% in January and was up 4.1% in January-February. The producer price of eggs jumped 19.4% year on year in February (same as January) and 19.5% in the first two months.
Excluding fruits and vegetables, agricultural producer prices were up by 12.9% in February versus 13.5% in January. The January-February growth was 13.3% Crop price inflation came in at 21.2% year on year in February and 23.5% in January-February, while there was a respective 1.6% and 0.9% drop at live animals. The price level of cereals (including seeds) leaped by 35% year on year in February versus 41.3% in January and went up 39.8% in January-February. The producer price of industrial crops rose 2.5% year on year against a 4.7% decline in the previous month. In the first two months of the year, there was a 6.3% fall here. (thepoultrysite.com)