Turkey’s services producer price index rises by 22.12% annually

Turkey’s services producer price index rises by 22.12% annually

Services producer price index (S-PPI) increased by 22.12% annually and 0.57% monthly, Turkish Statistical Institute said in a statement on Thursday.

S-PPI (2017=100) increased by 0.57% monthly, by 22.12% on December of the previous year, by 22.12% on the same month of the previous year, and by 15.14% on the twelve months moving averages basis in December 2020.

Transportation and storage services increased by 30.88% annually

The indices increased by 30.88% for transportation and storage services, by 20.28% for accommodation and food services, by 8.15% for information and communication services, decreased by 5.46% for real estate services, increased by 17.58% for professional, scientific and technical services, by 21.36% for administrative and support services compared with the previous year.

Transportation and storage services increased by 1.89% monthly

The indices increased by 1.89% for transportation and storage services, by 0.18% for accommodation and food services, decreased by 2.08% for information and communication services, by 10.15% for real estate services, increased by 1.75% for professional, scientific, and technical services, by 0.84% for administrative and support services compared with the previous month.

 The only annual decrease was in real estate services by 5.46%

The only rate of annual decrease in S-PPI by subdivisions of services was for real estate services by 5.46%. On the other hand, the highest rates of the annual increase in S-PPI by subdivisions of services were for air transport services by 66.69%, for warehousing and support services for transportation by 50.31%, for travel agency, tour operator, and other reservation services by 36.02%.

The highest monthly decrease was in real estate services by 10.15%

The highest rates of monthly decrease in S-PPI by subdivisions of services were for real estate services by 10.15%, for programming and broadcasting services by 9.57%, for computer programming, consultancy, and related services by 3.23%.

On the other hand, the highest rates of a monthly increase in S-PPI by subdivisions of services were for Air transport services by 8.39%, for legal and accounting services 3.90%, for employment services by 3.37%.

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