Home News Producer Price Index of Agricultural Products in Turkey increased by 16.28% annually...

Producer Price Index of Agricultural Products in Turkey increased by 16.28% annually and 0.49% monthly

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Producer Price Index of Agricultural Products, July 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month increased by 0.49%, on December of the previous year increased  by 9.02%, on same month of the previous year increased by 16.28% and on the twelve months moving averages basis increased by 13.86% in July 2020.

Compared to the previous month in sectors; forestry products and related services increased by 0.13%  products of agriculture, hunting and related services increased by 0.46% and fishing products and other fishing products increased by 2.04%. Regarding monthly changes by main groups; non-perennial crops decreased by 0.41%, perennial crops increased by 0.51% and live animals and animal products increased by 1.54%.

Agriculture-PPI annual change (%), July 2020

The lowest annual increase was 8.81% in vegetables and melons, roots and tubers subgroup

In July 2020, poultry, live and eggs where lowest annual increase realized with 9.42% on the same month of the previous year. On the other hand, pome fruits and stone fruits with 22.92%, cereals (except rice), leguminous crops and oil seeds with 20.40% and fibre plants with 19.72% were the subgroups where high annual increases realized on the same month of the previous year.

Agriculture – PPI annual rate of changes in subgroups (%), July 2020

The highest monthly decrease was 5.66% in pome fruits and stone fruits subgroup

In July 2020, the other group that indicated decreases were rice (in hulk) with 4.04% and vegetables and melons, roots and tubers with 3.16% amongst the subgroups. On the other hand, poultry, live and eggs with 6.28%, other tree and bush fruits and nuts with 2.59% and sheep and goats, live; raw milk and shorn wool from sheep and goats with 2.24% were the subgroups where high monthly increases realized.

Agriculture – PPI monthly rate of changes in subgroups (%), July 2020

In July 2020 within average prices of 87 items in the index; the average prices of 30 items decreased and the average prices of 14 items remained unchanged while the average prices of 43 items increased.

The next release on this subject will be on September 14, 2020.


Source: TurkStat
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