Producer inflation was 40.76 percent in May

The Turkish Statistical Institute (TUIK) announced the National Producer Price Index (D-PPI) for May 2023.

Thus, the D-IPP of May 2023 is 0.65 percent compared to the previous month, 7.81 percent compared to December of the previous year, 40.76 percent compared to the same month of the previous year and 95.80 percent. percent based on twelve-month averages. .

THE LARGEST INCREASE IN CONSUMER NON-DURABLE GOODS

Annual variations in the four industry sectors; an increase of 56.84 percent in the extractive industry, 42.34 percent in the manufacturing industry, 0.53 percent in the production and distribution of electricity and gas, and 66.27 percent in supply of water.

Annual variations of the main industrial groups; 35.82 percent in intermediate goods, 49.10 percent in durable consumer goods, 64.92 percent in non-durable consumer goods, 9.62 percent in energy, and 49.97 percent in capital goods.

Monthly variations in the four industry sectors; 1.66 percent increase in mining and extraction, 1.26 percent increase in manufacturing, 7.36 percent decrease in electricity and gas production and distribution, and 0.71 percent increase in water supply .

Monthly variations of the main industrial groups; Increase of 1.06 percent in intermediate goods, increase of 2.57 percent in durable consumer goods, increase of 2.57 percent in non-durable consumer goods, decrease of 6.67 percent in energy and increase in 3.09 percent in capital goods.