Turkey’s “non-domestic producer price index” (ND-PPI) increased by 96.44% annually and 3.25% off most in January. The spike wipes off the possible gains from weaker TL in terms of competitiveness as Turkey imports roughly half of the intermediary goods used in the production of its export goods.
ND-PPI annual rate of change (%), January 2022
Manufacturing increased by 96.40% annually
ND-PPI in two main sectors of industry increased by 98.47% for mining and quarrying, by 96.40% for manufacturing compared with the previous year.
The indices of main industrial groups; increased by 114.86% for intermediate goods, by 84.11% for durable consumer goods, by 76.98% for non-durable consumer goods, by 189.34% for energy, by 78.57% for capital goods, annually.
ND-PPI rate of annual changes (%), January 2022
Food prices set to remain elevated as cost pressures remain
Agricultural Input Price Index (Agriculture-IPI) increased by 9.82% compared to previous month and 45.61% yoyo in December 2021.
Monthly changes by main groups, goods and services contributing to agricultural investment index increased by 7.30% and goods and services currently consumed in agricultural index increased by 10.19%.
The goods and services contributing to agricultural investment index increased by 31.91% and the goods and services currently consumed in agricultural index increased by 47.85% compared to same month of the previous year.
Annual rate of changes of Agricultural-IPI (%), December 2021
Agricultural-IPI annual rate of changes in subgroups (%), December 2021
