Non-domestic producer price index rises by 41.12% annually in Turkey

Non-domestic producer price index (ND-PPI) has increased by 41.12% annually and 2.02% monthly, Turkish Statistical Institute said in a statement on Monday.

ND-PPI (2010=100) increased by 2.02% monthly, by 38.61% on December of the previous year, by 41.12% on same month of the previous year and by 20.33% on the twelve months moving averages basis in November 2020, according to the statement.

Manufacturing increased by 41.07% annually

ND-PPI in two main sectors of industry increased by 43.88% for mining and quarrying, by 41.07% for manufacturing compared with the previous year.

The indices of main industrial groups; increased by 42.14% for intermediate goods, by 52.51% for durable consumer goods, by 40.29% for non-durable consumer goods, decreased by 12.67% for energy, increased by 42.39% for capital goods, annually.

Manufacturing increased by 2.03% monthly

ND-PPI in two main sectors of industry increased by 1.73% for mining and quarrying, by 2.03% for manufacturing compared with the previous month.

The indices of main industrial groups; increased by 2.44% for intermediate goods, by 2.05% for durable consumer goods, by 2.76% for non-durable consumer goods, by 8.68% for energy, by 0.43% for capital goods, monthly.

The only annual decrease was in coke and refined petroleum products by 12.67%

The only rate of annual decrease in ND-PPI by subdivisions of industry was for coke and refined petroleum products by 12.67%. On the other hand, the highest rates of annual increase in ND-PPI by subdivisions of industry were for other manufactured goods by 60.82%, for electrical equipment by 48.03%, for metal ores by 47.42%.

The highest monthly decrease was in tobacco products by 1.88%

The highest rates of monthly decrease in ND-PPI by subdivisions of industry were for tobacco products by 1.88%, for machinery and equipment n.e.c. by 1.35%, for computer, electronic and optical products by 0.91%. On the other hand, the highest rates of monthly increase in ND-PPI by subdivisions of industry were for coke and refined petroleum products by 8.68%, for wearing apparel by 3.46%, for electrical equipment by 3.28%.

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