Foreign producer inflation increased in October
According to TÜİK data, the Foreign Producer Price Index (YD-PPI) increased by 1.35 percent in October 2023 compared to the previous month and by 57.25 percent compared to the same month of the previous year.
Turkish Statistical Institute (TUIK) announced the Foreign Producer Price Index (YD-PPI) for October 2023.
According to this; In October 2023, there was an increase of 1.35 percent compared to the previous month, 49.61 percent compared to December of the previous year, 57.25 percent compared to the same month of the previous year and 51.04 percent compared to the twelve-month averages.
YD-PPI increased by 57.25 percent annually and decreased by 0.59 percent monthly in September.
ANNUAL INCREASE IN MANUFACTURING IS 57.30 PERCENT
Annual changes in two sectors of the industry; The increase was 54.78 percent in mining and quarrying and 57.30 percent in manufacturing.
Annual changes of main industry groups; The increase was 49.77 percent in intermediate goods, 62.19 percent in durable consumer goods, 61.27 percent in non-durable consumer goods, 43.75 percent in energy and 65.49 percent in capital goods.
Monthly changes of two sectors of the industry; The increase was 2.79 percent in mining and quarrying and 1.33 percent in manufacturing.
Monthly changes of main industry groups; There was a 1.72 percent increase in intermediate goods, a 2.27 percent increase in durable consumer goods, a 3.39 percent increase in non-durable consumer goods, a 6.91 percent decrease in energy, and a 1.30 percent increase in capital goods.
SUB SECTORS
Among the YD-PPI sectors, base metals, paper and paper products, 40.94 percent, coke and refined petroleum products, 43.75 percent were the sub-sectors where the indices increased the least.
On the other hand, tobacco products with 89.25 percent, computers and electronic and optical products with 72.53 percent, and bys machinery and equipment with 72.29 percent were the sub-sectors where the indices increased the most.
Among the HD-PPI sectors, coke and refined petroleum products were the sub-sectors where the indices decreased with 6.91 percent, and motor vehicles, trailers and semi-trailers with 0.11 percent.
On the other hand, tobacco products with 8.09 percent, printing and recording services with 5.14 percent, computers and electronic and optical products with 4.78 percent were the sub-sectors where the indices increased the most.
