Services producer price index in Turkey increases by 21.11% annually

Services producer price index in Turkey increases by 21.11% annually

The services producer price index increases by 21.11% annually and 2.06% monthly, the Turkish Statistical Institute said in a statement on Friday.

S-PPI (2017=100) increased by 2.06% monthly, by 2.06% in December of the previous year, by 21.11% on the same month of the previous year, and by 15.87% on the twelve months moving averages basis in January 2021.

Transportation and storage services increased by 28.22% annually

The indices increased by 28.22% for transportation and storage services, by 20.23% for accommodation and food services, by 9.88% for information and communication services, decreased by 8.40% for real estate services, increased by 17.57% for professional, scientific, and technical services, by 21.75% for administrative and support services compared with the previous year.

Transportation and storage services increased by 0.63% monthly

The indices increased by 0.63% for transportation and storage services, by 2.66% for accommodation and food services, by 2.37% for information and communication services, decreased by 0.12% for real estate services, increased by 3.89% for professional, scientific, and technical services, by 4.85% for administrative and support services compared with the previous month.

The only annual decrease was in real estate services by 8.40%

The only rate of annual decrease in S-PPI by subdivisions of services was for real estate services by 8.40%. On the other hand, the highest rates of the annual increase in S-PPI by subdivisions of services were for air transport services by 56.60%, for warehousing and support services for transportation by 44.74%, for programming and broadcasting services by 39.04%.

The highest monthly decrease was in programming and broadcasting services by 11.51%

The highest rates of monthly decrease in S-PPI by subdivisions of services were for programming and broadcasting services by 11.51%, for air transport services by 2.47%, for advertising and market research services by 1.19%. On the other hand, the highest rates of the monthly increase in S-PPI by subdivisions of services were for services to buildings and landscape by 14.59%, for security and investigation services 10.78%, for employment services by 9.61%.

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