Türkiye faces rising production costs as D-PPI surges over 35% annually
The Domestic Producer Price Index (D-PPI) in Türkiye experienced a further increase in August, Turkish Statistical Institute (TurkStat) said in a statement on Tuesday.
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The D-PPI rose by 35.75% on an annual basis and 1.68% on a monthly basis, according to the statement.
The manufacturing sector saw a notable annual increase of 36.18% in D-PPI. Among the four main sectors of industry, mining and stone quarrying experienced the highest annual growth at 49.43%, followed by water supply at 65.87%.
On a monthly basis, manufacturing D-PPI increased by 1.20%. The electricity, gas, steam, and air conditioning sector saw the largest monthly increase at 6.10%.
Overall, the D-PPI for intermediate goods, durable consumer goods, non-durable consumer goods, and capital goods all experienced increases on both annual and monthly bases. (ILKHA)
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