Producer inflation in agriculture was 142.84 percent in January

The Turkish Statistical Institute (TUIK) announced the Producer Price Index for Agricultural Products (Agriculture-PPI) for January 2023.

Thus, in January 2023, the PPI-agricultural is 11.08 percent compared to the previous month, 11.08 percent compared to December of the previous year, 142.84 percent compared to the same month of the previous year and 139 percent. based on twelve-month averages. There was an increase of .25.

The monthly increase reached double digits again after 8 months.

Compared to the previous month, there was an increase of 1.27 percent in forestry products and related services, an increase of 2.73 percent in fish and other fishery products, and an increase of 11.50 percent in agricultural products. and hunting and related services.

Compared to the previous month, there was an 8.84 percent increase in year-old plant products, a 10.39 percent increase in live animals and animal products, and a 17.76 percent increase in plant products. perennials in the main groups.

THE LARGEST ANNUAL INCREASE IS IN CITRUS

The subgroups with low annual increase are fibrous plants with 59.47 percent, sheep and goats with 94.65 percent, alive; they had raw milk and fleece.

On the other hand, the subgroups with the highest annual increase were citrus with 266.98 percent and rice with 183.09 percent, respectively.

PRICE INCREASE ON 67 OF 86 ITEMS

The subgroups with the lowest monthly increase were rice with 1.80 percent and cereals (excluding rice), legumes and oilseeds with 2.04 percent, respectively.

On the other hand, the subgroups with the highest monthly increase were vegetables and melon-watermelon, roots and tubers with 18.51 percent, and live birds and eggs with 14.08 percent.

In January 2023, of 86 items included in the index, the average price of 15 items decreased and the average price of 67 items increased.