Producer inflation was 47.4 in September

The Turkish Statistical Institute (TUIK) announced the national producer price index (D-PPI) for September 2023.

Thus, the P-PPI in September 2023 will be 3.40 percent compared to the previous month, 36.06 percent compared to December of the previous year, 47.44 percent compared to the same month of the previous year and 65.55 percent. percent based on twelve-month averages. .

This year, the PPI, which increased 4.15 percent monthly in January, 1.56 percent in February, 0.44 percent in March, 0.81 percent in April, 0.65 percent percent in May and 6.50 percent in June, it increased by 8 percent monthly in In July, it had increased by 5.89 percent on August 23.

THE MANUFACTURING RATE INCREASES 55 PERCENT ANNUALLY

Annual changes in the four industry sectors; There was a 69.43 percent increase in mining and quarrying, a 55.05 percent increase in manufacturing, a 17.08 percent decrease in electricity and gas production and distribution, and an increase in 68.36 percent in water supply.

Annual changes of the main industrial groups; The increase was 45.79 percent in intermediate goods, 61.94 percent in durable consumer goods, 67.98 percent in non-durable consumer goods, 13.41 percent in energy and 65. 83 percent in capital goods.

Monthly changes of the four industry sectors; The increase was 5.97 percent in mining and quarrying, 3.07 percent in manufacturing, 5.47 percent in the production and distribution of electricity and gas and 13.72 percent in water supply.

Monthly changes of the main industrial groups; The increase was 1.92 percent in intermediate goods, 3.73 percent in durable consumer goods, 4.80 percent in non-durable consumer goods, 6.12 percent in energy and 2.96 percent on capital goods.

GREATEST CHANGE IN 16 SUBSECTORS

The only subsector that showed an annual decrease was electricity, gas, steam and air conditioning, with 17.08 percent. For their part, basic pharmaceutical products and preparations were the subsectors where the indices increased the most with 96.61 percent, other products from extractive industries with 93.27 percent and tobacco products with 81.06 percent.

The largest monthly decrease; Printing and recording services with 0.21 percent, and basic metals subsectors with 0.10 percent.

On the other hand, tobacco products with 42.46 percent, water and water purification and distribution with 13.72 percent, crude oil and natural gas with 8.95 percent were the subsectors where the indices increased the most. .