The Non-Domestic Producer Price Index (ND-PPI) in Türkiye surged by 44.51% annually and rose by 0.97% on a monthly basis in June 2024, according to a statement released by the Turkish Statistical Institute on Monday.

The ND-PPI recorded a monthly increase of 0.97%, a rise of 15.22% compared to December of the previous year, a 44.51% increase compared to the same month of the previous year, and a 59.50% increase on the twelve-month moving averages basis.

The ND-PPI for manufactured products rose 44.35% annually. Within the two main industrial sectors, mining and quarrying saw a 54.03% increase, while manufacturing experienced a 44.35% rise compared to June 2023.

Looking at the main industrial groups, intermediate goods increased by 39.19%, durable consumer goods by 53.68%, non-durable consumer goods by 48.13%, energy by 38.35%, and capital goods by 49.02% year-on-year.

On a monthly basis, the ND-PPI for both mining and quarrying and manufacturing rose 0.97%. The indices for intermediate goods, durable consumer goods, non-durable consumer goods, and capital goods also saw monthly increases of 0.46%, 1.42%, 1.32%, and 1.35%, respectively, while the energy index edged up by 0.07%. (ILKHA)