TURKSTAT: Service producer inflation was 83.02 percent in February – Last Minute Economic News

Turkish Statistical Institute (TUIK) announced the Service Producer Price Index (H-PPI) for February 2024.

Accordingly, the Service Producer Price Index (H-PPI) increased by 83.02 percent annually and 2.94 percent monthly.

H-PPI in February 2024 increased by 2.94 percent compared to the previous month, increased by 18.64 percent compared to December of the previous year, increased by 83.02 percent compared to the same month of the previous year and decreased by 77.02 percent compared to the twelve-month averages. increased.

INCREASE IN ADMINISTRATIVE AND SUPPORT SERVICES: 94.52 PERCENT

Compared to the same month of the previous year, there was a 76.49 percent increase in transportation and storage services, a 90.16 percent increase in accommodation and food services, an 87.64 percent increase in information and communication services, a 76.70 percent increase in real estate services, vocational, scientific and technical There was an 87.23 percent increase in services and a 94.52 percent increase in administrative and support services.

Compared to the previous month, there was a 1.77 percent increase in transportation and storage services, a 4.63 percent increase in accommodation and food services, a 6.88 percent increase in information and communication services, a 0.88 percent increase in real estate services, and a 0.88 percent increase in professional, scientific and technical services. There was an increase of 2.01 percent and a 3.69 percent increase in administrative and support services.