The Domestic Producer Price Index (D-PPI) in Turkey saw an increase of 29.47% annually and 0.66% monthly in November 2024, reflecting the general economic trends observed over the past year.

The index, which benchmarks the year 2003 as a base of 100, rose by 28.01% compared to December of the previous year and displayed a 42.60% increase on a twelve-month moving averages basis.

Within the four main sectors of the industry, the changes were notable: Mining and stone quarrying saw an annual increase of 38.01%, manufacturing rose by 31.31%, electricity, gas, steam, and air conditioning increased modestly by 4.65%, and water supply surged by 42.11%. This demonstrates significant variance in how different sectors are experiencing inflationary pressures.

The main industrial groups showed varied rates of increase over the year. Intermediate goods experienced a rise of 29.40%, durable consumer goods surged by 37.15%, and non-durable consumer goods saw the highest rise at 40.30%. Energy sector prices increased by 8.15%, while capital goods went up by 30.94%.

Month-on-month, manufactured products increased by 1.07%. The four main sectors saw the following monthly changes: mining and stone quarrying rose by 1.15%, manufacturing by 1.07%, while electricity, gas, steam, and air conditioning saw a decrease of 3.58%, and water supply increased by 1.14%.

The indices for the main industrial groups recorded monthly changes as follows: intermediate goods rose by 0.64%, durable consumer goods by 1.0%, non-durable consumer goods by 2.21%, while energy saw a decrease of 2.32%, and capital goods went up by 0.62%.

These changes underscore the dynamic nature of the Turkish economy and the various forces at play in different sectors, highlighting both challenges and areas of growth. (ILKHA)