Ana sayfa News Agricultural Input Price Index in Turkey increased by 1.43% in August 2020...

Agricultural Input Price Index in Turkey increased by 1.43% in August 2020 compared to previous month

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Agricultural Input Price Index, August 2020

Agriculture-PPI (2015=100) increased by 1.43% compared to previous month, increased by 5.43% compared to December of the previous year, increased by 8.11% compared to same month of the previous year and increased by 8.12% compared to twelve months averages, in August 2020.

Monthly changes with respect to previous month by main groups, goods and services currently consumed in agriculture index increased by 1.39% and goods and services contributing to agricultural investment index increased by 1.66%. The goods and services currently consumed in agricultural index increased by 7.50% and goods and services contributing to agricultural investment index increased by 11.92% compared to same month of the previous year.

Annual rate of changes of Agricultural-IPI (%),  August 2020

The highest annual decrease was realized 7.63% in veterinary expenses subgroup

The other subgroup that indicated a decrease was plant protection and pesticides with 2.12% amongst the subgroups. On the other hand, maintenance of materials  with 21.82%, animal feedingstuffs with 10.37% and other goods and services with 9.73% were the subgroups where high annual increases realized.

Agricultural-IPI annual rate of changes in subgroups (%), August  2020

The lowest monthly increase was 0.05% in seeds and planting stock subgroup

In August 2020, the other subgroups that indicated a low increase were plant protection and pesticides with 0.58%, other goods and services with 0.95%. On the other hand, maintenance of materials with 4.01%, veterinary expenses with 3.61%, and maintenance of buildings with 2.58% were the subgroups where high monthly increases realized.

Agricultural – IPI monthly rate of changes in subgroups (%), August 2020

The next release on this subject will be on November  23, 2020.


Source: TurkStat
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