Agricultural input inflation was 41.33 percent in August

The Turkish Statistical Institute (TUIK) announced the Agricultural Input Price Index (Agriculture-GFE) for August 2023.

Thus, in Agriculture-GFE in August 2023 it was 6.94 percent compared to the previous month, 29.71 percent compared to December of the previous year, 41.33 percent compared to the same month of the previous year and 62 percent compared to at twelve months. averages There was an increase of .79.

In the main groups, there was a 6.58 percent increase in the index of goods and services contributing to agricultural investment and a 7.01 percent increase in the index of goods and services used in agriculture compared to The last month.

Compared with the same month of the previous year, there was a 36.51 percent increase in the index of goods and services used in agriculture and a 79.22 percent increase in the index of goods and services contributing to agriculture. agricultural investment.

ENERGY AND FERTILIZERS LEAD IN AUGUST

The largest annual increase in August was in veterinary expenses with 105.88 percent. The largest monthly increase was experienced by the energy and fat category with 19.93 percent. Fertilizers and soil amendments followed with 18.07 percent.

The subgroups with the smallest increase compared to the same month of the previous year were fertilizers and soil amendments with 14.92 percent and animal feed with 25.63 percent.

The subgroups with the highest annual increase were veterinary expenses with 105.88 percent and other goods and services with 89.07 percent, respectively.

The subgroups with the smallest increase compared to the previous month were animal feed with 1.28 percent and agricultural chemicals with 1.89 percent, respectively. For its part, the subgroups with the highest monthly increase were energy and oils with 19.93 percent and fertilizers and soil improvers with 18.07 percent, respectively.