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Turkey’s agricultural input price index soars to 123.73% annually
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Agriculture-IPI (2015=100) increased by 5.51% compared to previous month, increased by 67.77% compared to December of the previous year, increased by 123.72% compared to same month of the previous year and increased by 61.54% compared to twelve months moving averages, in May 2022.

Monthly changes by main groups, goods and services contributing to agricultural investment index increased by 5.15% and goods and services currently consumed in agricultural index increased by 5.55%. The goods and services contributing to agricultural investment index increased by 67.70% and the goods and services currently consumed in agricultural index increased by 133.09% compared to same month of the previous year.

Compared to general Agricultural-IPI, lower annual change observed in 7 subgroups while 4 subgroups were higher

Subgroups that indicated low increase were veterinary expenses with 32.06% and seeds and planting stock with 45.53%. On the other hand, fertilizer and soil improvers with 236.45% and energy; lubricants with 184.42% were the subgroups that high annual increase realized.

Compared to general Agricultural-IPI, lower monthly change observed in 8 subgroups while 3 subgroups were higher

Fertilizer and soil improvers with 1.01% and energy; lubricants with 1.22% were subgroups that indicated low monthly increase. On the other hand, animal feedingstuffs with 8.65% and other goods and services with 8.00% were the subgroups that high monthly increase realized. (ILKHA)



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