Turkey’s non-domestic producer inflation rises by 105.82% annually

ND-PPI (2003=100) increased by 7.29% monthly, by 13.39% on December of the previous year, by 105.82% on same month of the previous year and by 59.47% on the twelve months moving averages basis in March 2022.

Manufacturing increased by 105.74% annually

ND-PPI in two main sectors of industry increased by 109.63% for mining and stone quarrying, by 105.74% for manufacturing compared with the previous year.

The indices of main industrial groups; increased by 122.84% for intermediate goods, by 95.55% for durable consumer goods, by 87.04% for non-durable consumer goods, by 240.52% for energy, by 87.08% for capital goods, annually.

Manufacturing increased by 7.27% monthly

ND-PPI in two main sectors of industry increased by 8.20% for mining and stone quarrying, by 7.27% for manufacturing compared with the previous month.

The indices of main industrial groups; increased by 7.91% for intermediate goods, by 6.86% for durable consumer goods, by 6.24% for non-durable consumer goods, by 29.83% for energy, by 4.86% for capital goods, monthly.

Compared to general ND-PPI, lower annual change observed in 16 subdivisions while 9 subdivisions were higher

The lowest rates of annual increase in ND-PPI by subdivisions of industry were the indices for wearing apparel by 70.63%, for printing and recording services by 75.44%, for tobacco products by 79.35%.

On the other hand, the highest rates of annual increase in ND-PPI by subdivisions of industry were indices for coke and refined petroleum products by 240.52%, for basic metals by 147.57%, for chemicals and chemical products by 123.21%.

Compared to general ND-PPI, lower monthly change observed in 15 subdivisions while 10 subdivisions were higher

The lowest rates of monthly increase in ND-PPI by subdivisions of industry were the indices for motor vehicles, trailers and semi-trailers by 4.36%, for printing and recording services by 4.70%, for tobacco products by 4.92%.

On the other hand, the highest rates of monthly increase in ND-PPI by subdivisions of industry were indices for coke and refined petroleum products by 29.83%, for basic pharmaceutical products and pharmaceutic preparations by 10.94%, for metal ores by 10.86%. (ILKHA)