Turkey: Producer price indices for agricultural products rise by 23.10% annually
Producer Price Index of Agricultural Products (Agriculture-PPI) increased by 23.10% annually and 1.68% monthly, the Turkish Statistical Institute said in a statement on Monday.
Agriculture-PPI (2015=100) on the previous month increased by 1.68%, on December of the previous year increased by 15.92%, on same month of the previous year increased by 23.10% and on the twelve months moving averages basis increased by 22.06% in October 2021.
Compared to the previous month in sectors; products of agriculture, hunting and related services increased by 1.65%, forestry products and related services increased by 4.22% and fishing products and other fishing products decreased by 0.15%. Regarding monthly changes by main groups; live animals and animal products increased by 1.28%, non-perennial crops increased by 4.10% and perennial crops decreased by 3.02%.
Compared to general Agriculture-PPI, lower annual change observed in 10 subgroups while 4 subgroups were higher
Rice (in husk) with 2.84% and grapes with 3.29% were the subgroups that indicated lowest annual increase. On the other hand, fibre plants with 79.66%, poultry, live and eggs with 38.18% and cereals (except rice), leguminous crops and oil seeds with 37.47% were the subgroups where high annual increases realized. Citrus fruits with 17.23% is the only subgroup that annual decrease observed.
Compared to general Agriculture-PPI, lower monthly change observed in 7 subgroups while 7 subgroups were higher
Pome fruits and stone fruits with 6.02%, tropical and subtropical fruits with 4.91% and vegetables and melons, roots and tubers with 1.93% were the subgroups where highest monthly decrease realized. On the other hand, other tree and bush fruits and nuts with 23.47%, fibre plants with 20.43% and citrus fruits with 8.65% were the subgroups that indicated high monthly increase.
In October 2021, within average prices of 92 items in the index; the average prices of 25 items decreased and the average prices of 16 items remained unchanged while the average prices of 51 items increased.