Agricultural Input Price Index rises by 6.74% annually in Turkey
Agricultural Input Price Index (Agricultural-IPI) increased by 6.74% annually and 0.61% monthly in Turkey, the country’s statistical institute said in a statement on Monday.
Agriculture-PPI (2015=100) increased by 0.61% compared to previous month, increased by 3.94% compared to December of the previous year, increased by 6.74% compared to same month of the previous year and increased by 8.53% compared to twelve months averages, in July 2020.
Monthly changes with respect to previous month by main groups, goods and services currently consumed in agriculture index increased by 0.55% and goods and services contributing to agricultural investment index increased by 0.97%. The goods and services currently consumed in agricultural index increased by 6.21% and goods and services contributing to agricultural investment index increased by 10.06% compared to same month of the previous year.
The highest annual decrease was realized 10.51% in veterinary expenses subgroup
The other subgroups that indicated a decrease were plant protection and pesticides with 2.77% and fertilizer and soil improvers with 2.66% amongst the subgroups. On the other hand, maintenance of materials with 16.49%, other goods and services with 11.28% and animal feedingstuffs with 9.78% were the subgroups where high annual increases realized.
The highest monthly decrease was 0.25% in animal feedingstuffs subgroup
In July 2020, the other subgroup that indicated a decrease was fertilizer and soil improvers with 0.09%. On the other hand, energy; lubricants with 2.70% and other goods and services with 1.15% were the subgroups where high monthly increases realized. (ILKHA)