Domestic producer price index in Turkey rises by 31.20% on annual basis

Domestic producer price index in Turkey rises by 31.20% on annual basis

The domestic producer price index (D-PPI) increased by 31.20% on annual basis, increased by 4.13% on monthly basis, the Turkish Statistical Institute said in a statement on Monday.

D-PPI (2003=100) increased by 4.13% on monthly basis, increased by 8.21% on December of the previous year's basis, increased by 31.20% on the same month of the previous year's basis, and increased by 17.04% on the twelve months moving averages basis in March 2021.

Manufacturing increased by 33.96% annually

D-PPI in four main sectors of industry increased by 21.26% for mining and stone quarrying, increased by 33.96% for manufacturing, increased by 2.55% for electricity, gas, steam, and air conditioning, increased by 27.30% for water supply, annually.

The indices of main industrial groups; increased by 37.72% for intermediate goods, increased by 29.68% for durable consumer goods, increased by 23.98% for non-durable consumer goods, increased by 23.27% for energy, increased by 27.31% for capital goods, annually.

Manufacturing increased by 4.33% monthly

D-PPI in four main sectors of industry increased by 3.03% for mining and stone quarrying, increased by 4.33% for manufacturing, increased by 2.87% for electricity, gas, steam, and air conditioning, increased by 0.42% for water supply, monthly.

The indices of main industrial groups; increased by 5.05% for intermediate goods, increased by 1.66% for durable consumer goods, increased by 2.73% for non-durable consumer goods, increased by 5.93% for energy, increased by 2.62% for capital goods, monthly.

The lowest annual increase was in electricity, gas, steam, and air conditioning by 2.55%

The lowest rates of the annual increase in D-PPI by subdivisions of industry were the indices for electricity, gas, steam, and air conditioning by 2.55%, for leather and related products by 7.51%, for wearing apparel by 8.64%. On the other hand, the highest rates of the annual increase in D-PPI by subdivisions of industry were for coke and refined petroleum products by 76.19%, for basic metals by 60.98%, for paper and paper products by 45.03%.

The only monthly decrease was in leather and related products by 1.18%

The only rate of monthly decrease in D-PPI by subdivisions of the industry was the index for leather and related products by 1.18%. On the other hand, the highest rates of a monthly increase in D-PPI by subdivisions of industry were coke and refined petroleum products by 14.03%, basic metals by 9.05%, basic pharmaceutical products, and pharmaceutic preparations by 7.28%. 

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