Domestic producer price index rises by 23.11% on annual basis in Turkey

Domestic producer price index rises by 23.11% on annual basis in Turkey

Domestic producer price index (D-PPI) increased by 23.11% on annual basis, increased by 4.08% on monthly basis, Turkish Statistical Institute said in a statement on Thursday.

According to the statement, D-PPI (2003=100) increased by 4.08% on monthly basis, increased by 22.26% on December of the previous year basis, increased by 23.11% on same month of the previous year basis and increased by 10.69% on the twelve months moving averages basis in November 2020.

Manufacturing increased by 25.04% annually

D-PPI in four main sectors of industry increased by 19.63% for mining and stone quarrying, increased by 25.04% for manufacturing, increased by 0,58% for electricity, gas, steam and air conditioning, increased by 12.83% for water supply, annually.

The indices of main industrial groups; increased by 30.07% for intermediate goods, increased by 25.84% for durable consumer goods, increased by 18.90% for non-durable consumer goods, increased by 0.36% for energy, increased by 27.85% for capital goods, annually.

Manufacturing increased by 4.33% monthly

D-PPI in four main sectors of industry increased by 2.15% for mining and stone quarrying, increased by 4.33% for manufacturing, increased by 1.69% for electricity, gas, steam and air conditioning, increased by 0.49% for water supply, monthly.

The indices of main industrial groups; increased by 4.77% for intermediate goods, increased by 2.74% for durable consumer goods, increased by 4.17% for non-durable consumer goods, increased by 2.79% for energy, increased by 2.58% for capital goods, monthly.

The highest annual decrease was in tobacco products by 21.16%

The highest rates of annual decrease in D-PPI by sub divisions of industry were the indices for tobacco products by 21.16%, for coke and refined petroleum products by 3.46%, for crude petroleum and natural gas by 3.37%. On the other hand, the highest rates of annual increase in D-PPI by sub divisions of industry were for metal ores by 53.36%, for basic metals by 48.92%, for other manufactured goods by 37.42%.

Monthly decrease was in tobacco products by 5.57%

Monthly decrease in D-PPI by sub divisions of industry was index for tobacco products by 5.57%. On the other hand, the highest rates of monthly increase in D-PPI by sub divisions of industry were basic metals by 7.43%, food products by 6.40%, paper and paper products by 5.46%.

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