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Agricultural Input Price Index in Turkey increased by 14.40% compared to December of the previous year

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Agricultural Input Price Index, November 2020

Agriculture-PPI (2015=100) increased by 3.23% compared to previous month, increased by 14.40% compared to December of the previous year, increased by 15.35% compared to same month of the previous year and increased by 9.21% compared to twelve months averages, in November 2020.

Monthly changes with respect to previous month by main groups, goods and services contributing to agricultural investment index increased by 2.16% and goods and services currently consumed in agricultural index increased by 3.41%. The goods and services currently consumed in agricultural index increased by 14.94% and goods and services contributing to agricultural investment index increased by 17.96% compared to same month of the previous year.

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

The highest annual increase was realized 36.69% in maintenance of materials subgroup

The other subgroups that indicated a high increase were farm buildings (non-residential) with 24.38% and animal feedingstuffs with 23.37%. On the other hand, veterinary expenses with 0.62% and seed and planting stock with 0.64% and energy;lubricants with 0.89% were the subgroups where low annual increases realized.

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

The highest monthly increase was 4.89% in animal feedingstuffs subgroup

By the subgroups that indicated high increase were maintenance of materials with 4.06% and maintenance of buildings with 3.38%. On the other hand, seeds and planting stock with 0.35%, other goods and services with 0.80% and plant protection and services with 0.94% were the subgroups where low monthly increases realized.

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

The next release on this subject will be on February 19, 2021.


Source: TurkStat
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