Inflation for service producers was 79.33 percent in July

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

Thus, the H-PPI in July 2023 is 14.06 percent compared to the previous month, 60.69 percent compared to December of the previous year, 79.33 percent compared to the same month of the previous year, and 81.36 percent. percent based on twelve-month averages. .

The index, which has been announced since 2017, posted its highest monthly increase of 15.57 percent in January 2023. 14.06 percent in July 2023 was the second-highest monthly rate on record.

Annual inflation, which has been on a downward trend since January 2023, began to rise again from July.

MOST ACCOMMODATION AND FOOD SERVICES

Compared to the same month of the previous year, 62.13 percent in transportation and storage services, 100.71 percent in lodging and food services, 83.62 percent in information and communications services, 70.57 percent in real estate services, 103 percent in vocational, scientific and technical services. , 65, achieved a 99.99 percent increase in administrative and support services.