Agricultural input inflation was 40.97 in September

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

In Agriculture-GFE (2015=100), as of September 2023, 2.63 percent compared to the previous month, 33.13 percent compared to December of the previous year, 40.97 percent compared to the same month of the previous year and twelve-month averages. an increase of 56.87 percent compared to

THE PRICE OF FOOD INCREASED MORE

The subgroups with the smallest increase compared to the same month of the previous year were fertilizers and soil amendments with 14.35 percent and animal feed with 26.44 percent. The subgroups with the highest annual increase were veterinary expenses with 106.79 percent and supplies with 91.34 percent, respectively.

The subgroups with the smallest increase compared to the previous month were animal feed with 0.91 percent and agricultural chemicals with 1.24 percent, respectively. For their part, the subgroups with the highest monthly increase were seeds and planting materials with 7.75 percent and materials with 5.21 percent, respectively.

In the main groups, compared to the previous month, there was a 2.36 percent increase in the index of goods and services used in agriculture and a 4.31 percent increase in the index of goods and services contributing to agricultural investment. Compared with the same month of the previous year, there was an increase of 35.80 percent in the index of goods and services used in agriculture and an increase of 81.65 percent in the index of goods and services contributing to agricultural investment.