The Turkish Statistical Institute (TurkStat) has reported a significant increase in Türkiye’s Non-Domestic Producer Price Index (ND-PPI) for August 2024.

According to the data, the ND-PPI rose by 2.95% compared to the previous month and by 20.63% compared to December 2023. On a year-on-year basis, the index increased by 28.67%, while the twelve-month average saw a rise of 52.55%.

Compared to the previous year, the ND-PPI in the two primary industry sectors increased by 32.84% for mining and stone quarrying and by 28.60% for manufacturing.

The indices of the primary industrial categories increased annually, with intermediate goods rising by 26.67%, durable consumer goods increasing by 33.94%, non-durable consumer goods increasing by 33.09%, energy increasing by 0.70%, and capital goods rising by 34.03%.

In a monthly comparison, the Non-Domestic Producer Price Index (ND-PPI) increased by 1.42% in the mining and stone quarrying sector, while the manufacturing sector saw a rise of 2.98%.

Among the main industrial groups, prices for intermediate goods rose by 2.66%, durable consumer goods increased by 3.25%, and non-durable consumer goods climbed by 3.03%. Conversely, energy prices experienced a decline of 4.09%, while capital goods prices increased by 4.37%. (ILKHA)