Inflation of agricultural inputs fell to 121.5 percent in November

Agricultural input price index (Agriculture-GFE) in November 2022 is 2.38 percent compared to the previous month, 101.69 percent compared to December of the previous year, 121.49 percent compared to the same month of the previous year and according to twelve-month averages, it increased by 112.41 percent.

The inflation of agricultural inputs broke a record with 138.15 percent in October.

According to TUIK data, there was an increase of 2.12 percent in the index of goods and services used in agriculture and of 4.37 percent in the index of goods and services that contribute to agricultural investment, compared to the previous month. .

With respect to the same month of the previous year, there was an increase of 101.22 percent in the index of goods and services that contribute to agricultural investment, and an increase of 124.51 percent in the index of goods and services used in the Agriculture.

THE GREATEST ENERGY INCREASE

According to the Annual Agri-GFE, 7 subgroups showed lower variation and 4 subgroups showed higher variation.

The subgroups with low annual increase were veterinary expenses with 37.93 percent and machinery maintenance expenses with 65.59 percent, respectively. For their part, the subgroups with the highest annual increase were energy and oils with 172.05% and building maintenance with 151.15%, respectively.

According to the monthly Agri-GFE, 6 subgroups showed less variation and 5 subgroups showed more variation.

The subgroups that presented a decrease compared to the previous month were energy and oils with 1.95 percent and fertilizers and soil improvers with 0.53 percent, respectively. For their part, the subgroups with the highest monthly increase were other goods and services with 8.77 percent and materials with 6.12 percent, respectively.