Turkey: Non-domestic producer price index rises by 41.89% annually
The non-domestic producer price index (ND-PPI) increased by 41.89% annually and 0.34% monthly, the Turkish Statistical Institute said in a statement on Friday.
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ND-PPI (2010=100) increased by 0.34% monthly and by 20.92% on December of the previous year, by 41.89% on same month of the previous year and by 36.35% on the twelve months moving averages basis in July 2021, according to the statement.
Manufacturing increased by 41.84% annually
ND-PPI in two main sectors of industry increased by 44.34% for mining and quarrying, by 41.84% for manufacturing compared with the previous year.
The indices of main industrial groups; increased by 50.16% for intermediate goods, by 40.52% for durable consumer goods, by 32.11% for non-durable consumer goods, by 113.53% for energy, by 29.26% for capital goods, annually.
Manufacturing increased by 0.33% monthly
ND-PPI in two main sectors of industry increased by 0.82% for mining and quarrying, by 0.33% for manufacturing compared with the previous month.
The indices of main industrial groups; increased by 0.63% for intermediate goods, by 1.72% for durable consumer goods, decreased by 0.12% for non-durable consumer goods, increased by 3.28% for energy, decreased by 0.80% for capital goods, monthly.
Compared to general ND-PPI, lower annual change observed in 18 subdivisions while 7 subdivisions were higher
The lowest rates of annual increase in ND-PPI by subdivisions of industry were for basic pharmaceutical products and pharmaceutic preparations by 22.03%, for other transport equipment by 23.84%, for machinery and equipment n.e.c. by 26.04%.
On the other hand, the highest rates of annual increase in ND-PPI by subdivisions of industry were for coke and refined petroleum products by 113.53%, for basic metals by 67.47%, for metal ores by 65.87%.
Compared to general ND-PPI, lower monthly change observed in 15 subdivisions while 10 subdivisions were higher
The highest rates of monthly decrease in ND-PPI by subdivisions of industry were for motor vehicles, trailers and semi-trailers by 1.20%, for tobacco products by 0.95%, for machinery and equipment n.e.c. and rubber and plastic products by 0.81%.
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 3.28%, for basic metals by 2.22%, for electrical equipment by 1.47%. (ILKHA)
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