Turkey’s agricultural input price index increased by 27.79% annually

Agriculture-IPI (2015=100) increased by 1.56% compared to previous month, increased by 17.30% compared to December of the previous year, increased by 27.79% compared to same month of the previous year and increased by 22.19% compared to twelve months moving averages, in September.

Monthly changes by main groups, goods and services contributing to agricultural investment index increased by 0.42% and goods and services currently consumed in agricultural index increased by 1.74%. The goods and services contributing to agricultural investment index increased by 23.23% and the goods and services currently consumed in agricultural index increased by 28.55% 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 seeds and planting stocks with 10.20%, plant protection and pesticides with 12.33% and materials with 15.64%. On the other hand, fertilizer and soil improvers with 71.47%, maintenance of buildings with 43.67% and farm buildings (non-residential) with 42.28% 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

Seeds and planting stock with 0.09% and veterinary expenses with 0.37% were subgroups that indicated low monthly increase. On the other hand, fertilizer and soil improvers with 6.21% and energy; lubricants with 3.31% were the subgroups which high monthly increase realized. Farm buildings (non-residential) with 0.03% was the only subgroup that monthly decrease realized. (ILKHA)