Turkey's services producer inflation rises by 90.56% annually
Services Producer Price Index (S-PPI) increased by 90.56% annually, by 7.42% monthly, the Turkish Statistical Institute said in a statement on Wednesday.
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S-PPI (2017=100) increased by 7.42% on monthly basis, by 60.15% on December of the previous year basis, by 90.56% on same month of the previous year basis and by 66.53% on the twelve months moving averages basis in July 2022.
Transportation and storage services increased by 121.28% annually
The indices increased by 121.28% for transportation and storage services, by 81.72% for accommodation and food services, by 56.29% for information and communication services, by 77.05% for real estate services, by 60.93% for professional, scientific and technical services, by 80.34% for administrative and support services compared with the previous year.
Transportation and storage services increased by 4.20% monthly
The indices increased by 4.20% for transportation and storage services, by 6.82% for accommodation and food services, by 7.58% for information and communication services, by 9.59% for real estate services, by 10.23% for professional, scientific and technical services, by 17.11% for administrative and support services compared with the previous month.
Compared to general S-PPI, lower annual change observed in 19 subdivisions while 8 subdivisions were higher
The lowest rates of annual increase in S-PPI by subdivisions of industry were the indices for scientific research and development services by 21.65%, for legal and accounting services by 30.46%, for telecommunications services by 34.05%.
On the other hand, the highest rates of annual increase in S-PPI by subdivisions of industry were indices for postal and courier services by 159.96%, for water transport services by 142.01%, for air transport services by 127.90%.
Compared to general S-PPI, lower monthly change observed in 11 subdivisions while 16 subdivisions were higher
The only rate of monthly decrease in S-PPI by subdivisions of industry was index for programming and broadcasting services by 25.38%.
On the other hand, the highest rates of monthly increase in S-PPI by subdivisions of industry were indices for employment services by 38.23%, for services to buildings and landscape by 20.31%, for postal and courier services by 17.38%. (ILKHA)
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