Services producer price index rises by 78.09% in Turkey
Services producer price index (S-PPI) increased by 78.09% annually and by 3.78% monthly, the Turkish Statistical Institute said in a statement on Tuesday.
S-PPI (2017=100) increased by 3.78% monthly, by 17.36% on December of the previous year, by 78.09% on same month of the previous year and by 41.85% on the twelve months moving averages basis in February 2022.
Transportation and storage services increased by 101.45% annually
The indices increased by 101.45% for transportation and storage services, by 60.00% for accommodation and food services, by 35.04% for information and communication services, by 190.51% for real estate services, by 37.98% for professional, scientific and technical services, by 58.18% for administrative and support services compared with the previous year.
Transportation and storage services increased by 4.74% monthly
The indices increased by 4.74% for transportation and storage services, by 4.15% for accommodation and food services, by 4.11% for information and communication services, decreased by 0.08% for real estate services, increased by 2.76% for professional, scientific and technical services, by 2.49% for administrative and support services compared with the previous month.
Compared to general S-PPI, lower annual change observed in 21 subdivisions while 6 subdivisions were higher
The lowest rates of annual increase in S-PPI by subdivisions of services were for telecommunications services by 15.79%, for legal and accounting services by 22.79%, for office administrative, office support and other business support services by 26.47%. On the other hand, the highest rates of annual increase in S-PPI by subdivisions of services were for real estate services by 190.51%, for water transport services by 190.21%, for warehousing and support services for transportation by 132.03%.
Compared to general S-PPI, lower monthly change observed in 16 subdivisions while 11 subdivisions were higher
The highest rates of monthly decrease in S-PPI by subdivisions of services was for air transport services by 0.45%, for information services by 0.23%, for real estate services by 0.08%. On the other hand, the highest rates of monthly increase in S-PPI by subdivisions of services were for postal and courier services by 7.90%, for programming and broadcasting services by 7.03%, for land transport services and transport services via pipelines by 6.18%. (ILKHA)