Non-domestic producer price index increased by 32.96% annually and 7.93% monthly, the Turkish Statistical Institute said in a statement on Monday.

ND-PPI (2010=100) increased by 7.93% monthly, by 31.31% on December of the previous year, by 32.96% on same month of the previous year and by 35.36% on the twelve months moving averages basis in October 2021.

Manufacturing increased by 33.09% annually

ND-PPI in two main sectors of industry increased by 25.60% for mining and quarrying, by 33.09% for manufacturing compared with the previous year.

The indices of main industrial groups; increased by 42.00% for intermediate goods, by 25.07% for durable consumer goods, by 21.89% for non-durable consumer goods, by 139.16% for energy, by 18.48% for capital goods, annually.

Manufacturing increased by 7.96% monthly

ND-PPI in two main sectors of industry increased by 6.46% for mining and quarrying, increased by 7.96% for manufacturing compared with the previous month.

The indices of main industrial groups; increased by 8.15% for intermediate goods, by 5.70% for durable consumer goods, by 6.54% for non-durable consumer goods, by 18.28% for energy, by 6.74% for capital goods, monthly.

Compared to general ND-PPI, lower annual change observed in 19 subdivisions while 6 subdivisions were higher

The lowest rates of annual increase in ND-PPI by subdivisions of industry were for other transport equipment by 12.47%, for basic pharmaceutical products and pharmaceutic preparations by 12.76%, for machinery and equipment n.e.c. by 15.04%. On the other hand, the highest rates of annual increase in ND-PPI by subdivisions of industry were for coke and refined petroleum products by 139.16%, for basic metals by 63.34%, for chemicals and chemical products by 48.39%.

Compared to general ND-PPI, lower monthly change observed in 22 subdivisions while 3 subdivisions were higher

The lowest rates of monthly increase in ND-PPI by subdivisions of industry were for beverages by 4.91%, for basic pharmaceutical products and pharmaceutic preparations by 5.13%, for computer, electronic and optical products by 5.20%. On the other hand, the highest rates of monthly increase in ND-PPI by subdivisions of industry were for coke and refined petroleum products by 18.28%, for basic metals by 9.41%, for chemicals and chemical products by 8.12%. (ILKHA)