Foreign producer inflation was 49.90 percent annually in December

The Turkish Statistical Institute (TUIK) announced the Foreign Producer Price Index (YD-PPI) data for December.

According to TÜİK data, YD-PPI rose 49.90 percent on a yearly basis and 2.77 percent on a monthly basis in December.

In December 2022, YD-PPI increased 2.77 percent from the previous month, 49.90 percent from December of the previous year, and 97.45 percent based on twelve-month averages.

Foreign producer inflation was 83.66 percent in November. Thus, the increase in prices to foreign producers fell in December due to the base effect.

MANUFACTURING INCREASED BY 49.95 PERCENT YEARLY

Annual variations of the two industry sectors; 47.40 percent increase in mining and extraction, 49.95 percent increase in manufacturing. On a monthly basis, there was an increase of 1.74 percent in the extractive industry and 2.79 percent in the manufacturing industry.

Annual variations of the main industrial groups; There was an increase of 51.95 percent in intermediate goods, 49.42 percent in durable consumer goods, 47.08 percent in non-durable consumer goods, 83.46 percent in energy, and 46.54 percent in capital goods. In monthly terms, there was an increase of 2.05 percent in intermediate goods, an increase of 4.03 percent in durable consumer goods, an increase of 2.89 percent in non-durable goods, a decrease of 3.32 percent in energy and an increase of 4.19 percent in capital goods.

SUBSECTORS

Among the YD-PPI sectors, metallic minerals at 28.56 percent, garments at 35.47 percent and other transportation vehicles at 37.95 percent were the subsectors where the indices increased the least. For their part, coking plants and petroleum refineries with 83.46 percent, other non-metallic mineral products with 74.59 percent, wood and cork products (excluding furniture) with 69.21 percent were the subsectors where the indices increased the most.

The only subsector that presented a monthly decrease was coke and refined petroleum products with 3.32 percent. On the other hand, tobacco products at 12.15 percent, computing and electronic and optical products at 5.49 percent, land motor vehicles, trailers and semi-trailers at 5.13 percent were the subsectors where they increased the most. the indices.