Inflation for service producers was 65.47 percent in May

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

Thus, the H-PPI for May 2023 is 2.99 percent compared to the previous month, 28.58 percent compared to December of the previous year, 65.47 percent compared to the same month of the previous year, and 84.39 percent. percent based on twelve-month averages. .

THE LARGEST INCREASE IN SCIENTIFIC AND TECHNICAL SERVICES

With respect to the same month of the previous year, 47.58 percent in transportation and storage services, 86.47 percent in accommodation and food services, 72.50 percent in information and communication services, 64 92 percent in real estate services, 90 percent in professional, scientific and technical services, 59, administrative and support services increased by 87.64 percent.

Compared to the previous month, 1.05 percent in transportation and storage services, 7.89 percent in accommodation and food services, 1.22 percent in information and communication services, 4.19 percent in real estate services, 2.48 percent in professional, scientific and technical services, there was a 5.22 percent increase in administrative and support services.

CHANGE IN SUBSECTORS

Among the H-PPI sectors, water transportation services at 2.71 percent, air transportation services at 35.58 percent, storage and support services (for transportation) at 46.52 percent. cent, were the subsectors where the indices increased less.

For their part, employment services at 120.52 percent, construction and landscaping services at 117.17 percent, and programming and broadcasting services at 110.86 percent were the subsectors in which the most rates increased.

Programming and broadcasting services at 4.08 percent, security and investigative services at 2.35 percent, office management, office support and other business support services at 2.19 percent. percent, among the H-PPI sectors, were the subsectors where the indices decreased the most.

For their part, accommodation services at 16.57 percent, travel agencies, tour operators, other reservation services and related services at 14.39 percent and scientific research and development services at 13, 12 percent were the subsectors in which the indices increased the most.