Türkiye’s domestic producer prices continue to rise in August

The D-PPI is a measure of the average change in prices received by domestic producers of goods and services. The increase in the D-PPI indicates that input costs for businesses are rising, which could lead to higher prices for consumers.

The D-PPI for manufacturing increased by 54.41% annually and 5.41% monthly. The D-PPI for mining and stone quarrying increased by 66.42% annually and 9.99% monthly. The D-PPI for electricity, gas, steam and air conditioning decreased by 8.21% annually and 10.16% monthly. The D-PPI for water supply increased by 67.09% annually and 6.88% monthly.

The D-PPI for intermediate goods increased by 46.41% annually and 3.83% monthly. The D-PPI for durable consumer goods increased by 61.05% annually and 8.74% monthly. The D-PPI for non-durable consumer goods increased by 66.46% annually and 5.67% monthly. The D-PPI for energy increased by 20.70% annually and 14.27% monthly. The D-PPI for capital goods increased by 64.88% annually and 4.04% monthly.

The D-PPI for basic pharmaceutical products and pharmaceutic preparations had the highest rate of annual increase, at 99.44%. Other mining and quarrying products had the second highest rate of annual increase, at 91.41%. Beverages had the third highest rate of annual increase, at 81.79%.

The D-PPI for crude petroleum and natural gas had the highest rate of monthly increase, at 21.85%. Coke and refined petroleum products had the second highest rate of monthly increase, at 18.93%. Basic pharmaceutical products and pharmaceutic preparations had the third highest rate of monthly increase, at 18.06%.

The increase in the D-PPI is a sign of rising inflation in Turkey. The Turkish government has taken steps to try to control inflation, but it remains to be seen how effective these measures will be. (ILKHA)