Türkiye's producer prices surge 32% annually
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Güneşli
13 oC
Güneşli
Türkiye's Domestic Producer Price Index (D-PPI) surged by 32.24% year-on-year in October 2024, reflecting persistent inflationary pressures in the country. The monthly increase was 1.29%.
The manufacturing sector was a major driver of the overall price increase, with a 32.85% annual rise. Mining and quarrying industries saw the highest annual growth rate at 40.11%, followed by water supply at 43.19%.
On a monthly basis, manufacturing prices increased by 1.61%, while electricity, gas, steam, and air conditioning prices declined by 1.56%.
The continued upward trend in producer prices raises concerns about potential inflationary pressures on consumer prices in the coming months.
The Turkish government has been grappling with high inflation for several years, and these latest figures suggest that the challenge persists. (ILKHA)
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Türkiye’s Consumer Price Index (CPI) rose by 48.58% year-on-year in October, with a monthly increase of 2.88%, according to data released by the Turkish Statistical Institute.
The 5th Businessmen Meeting of the Rights Industrialists and Businessmen’s Association (HAKSIAD) concluded on Sunday in Kızılcahamam, Ankara, marking a significant gathering of entrepreneurs, investors, and industrialists from Türkiye and abroad.
The 5th Businessmen Meeting, organized by The Right Industrialists’ and Businessmen's Association (HAKSIAD) under the slogan "Strong Ties, Great Achievements," continued on its third day with notable participation from various sectors.
