Services producer price index rises by 21.96% annually in Turkey

Services producer price index rises by 21.96% annually in Turkey

S-PPI increased by 0.16% monthly, by 21.43% on December of the previous year, by 21.96% on same month of the previous year and by 14.39% on the twelve months moving averages basis in November 2020.

According to Turkish Statistical Institute, the indices increased by 29.46% for transportation and storage services, by 20.70% for accommodation and food services, by 9.94% for information and communication services, by 5.37% for real estate services, by 15.87% for professional, scientific and technical services, by 20.59% for administrative and support services compared with the previous year.

Transportation and storage services increased by 1.37% monthly

The indices increased by 1.37% for transportation and storage services, decreased by 2.24% for accommodation and food services, increased by 1.43% for information and communication services, decreased by 2.42% for real estate services, increased by 1.89% for professional, scientific and technical services, decreased by 2.63% for administrative and support services compared with the previous month.

The lowest annual increase was in telecommunications services by 1.13%

The lowest rates of annual increase in S-PPI by subdivisions of services were for telecommunications services by 1.13%, for real estate services by 5.37%, for motion picture, video and TV programme production services by 5.68%. On the other hand, the highest rates of annual increase in S-PPI by subdivisions of services were for air transport services by 52.61%, for warehousing and support services for transportation by 48.80%, for programming and broadcasting services by 48.72%.

The highest monthly decrease was in accommodation services by 8.58%

The highest rates of monthly decrease in S-PPI by subdivisions of services were for accommodation services by 8.58%, for travel agency, tour operator and other reservation services by 6.47%, for employment services by 3.93%. On the other hand, the highest rates of monthly increase in S-PPI by subdivisions of services were for programming and broadcasting services by 14.02%, for advertising and market research services 9.27%, for water transport services by 5.08%.

Kaynak:Haber Kaynağı

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