Services producer price index in Turkey soars 104.28% annually
13 oC
13 oC
Güneşli
13 oC
Güneşli
Services Producer Price Index increased by 104.28% annually, by 2.05% monthly, the Turkish Statistical Institute said in a statement.
S-PPI (2017=100) increased by 2.05% on monthly basis, by 75.79% on December of the previous year basis, by 104.28% on the same month of the previous year basis, and by 84.03% on the twelve months moving averages basis in October 2022.
Transportation and storage services increased by 132.35% annually
The indices increased by 132.35% for transportation and storage services, 102.21% for accommodation and food services, 69.01% for information and communication services, 63.28% for real estate services, 85.62% for professional, scientific, and technical services, 97.74% for administrative and support services compared with the previous year.
Transportation and storage services increased by 0.83% monthly
The indices increased by 0.83% for transportation and storage services, increased by 1.03% for accommodation and food services, increased by 5.26% for information and communication services, decreased by 0.49% for real estate services, increased by 7.21% for professional, scientific and technical services, increased by 0.54% for administrative and support services compared with the previous month.
Compared to general S-PPI, the lower annual change observed in 17 subdivisions while 10 subdivisions were higher
The lowest rates of annual increase in S-PPI by subdivisions of industry were the indices for telecommunications services by 41.68%, for legal and accounting services by 47.22%, and for real estate services by 63.28%.
On the other hand, the highest rates of annual increase in S-PPI by subdivisions of industry were indices for air transport services by 155.38%, for land transport services and transport services via pipelines by 135.22%, for programming and broadcasting services by 123.33%.
Compared to general S-PPI, lower monthly change observed in 10 subdivisions while 17 subdivisions were higher
The highest rates of monthly decrease in S-PPI by subdivisions of industry were the indices for accommodation services by 8.43%, for travel agency, tour operator and other reservation services and related services by 7.93%, for air transport services by 5.64%.
On the other hand, the highest rates of monthly increase in S-PPI by subdivisions of industry were indices for programming and broadcasting services by 23.96%, for scientific research and development services by 20.59%, for information services by 11.47%. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Türkiye, Iran, and Afghanistan have signed a landmark memorandum of understanding (MoU) to strengthen railway cooperation, marking a significant step toward regional transport integration, officials from the three nations confirmed on Friday.
The Central Bank of the Republic of Türkiye (CBRT) has announced a 100 basis point cut in its benchmark one-week repo auction rate, lowering it from 40.5 percent to 39.5 percent, as part of its latest monetary policy decision.
Pizza Hut, one of the world’s most recognizable fast-food brands, is set to close 68 of its restaurants across the United Kingdom after the company behind its UK dine-in venues, DC London Pie Limited, fell into administration.
Türkiye’s gross domestic expenditure on research and development (GERD) reached 651 billion 822 million TRY in 2024, marking a substantial increase of 274 billion 279 million TRY compared to the previous year, the Turkish Statistical Institute (TÜİK) reported on Monday.
