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.
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.