Türkiye's producer prices surge 65.53% year-on-year in April
13 oC
13 oC
Güneşli
13 oC
Güneşli
Türkiye's Non-Domestic Producer Price Index (ND-PPI) rose significantly in April, according to the Turkish Statistical Institute.
The index climbed 65.53% year-on-year, indicating a substantial increase in the prices producers pay for goods and services.
While the monthly increase was more modest at 1.37%, it still reflects ongoing inflationary pressures. Compared to December 2023, the ND-PPI grew by 13.64%.
The price surge was widespread across various sectors. Manufactured goods saw a 65.46% annual increase, while mining and quarrying experienced a steeper rise of 69.45%. The cost of energy also jumped significantly, with the ND-PPI for this sector increasing by 74.24% year-on-year.
Looking at specific product categories, durable consumer goods like appliances witnessed the highest annual increase of 70.12%, followed by non-durable consumer goods (70.03%) and intermediate goods (58.07%). Capital goods, which include machinery and equipment, also saw a substantial price increase of 72.01% year-on-year.
The monthly breakdown shows a similar trend. The ND-PPI for manufactured goods rose 1.33% compared to March 2024. The mining and quarrying sector saw a more pronounced monthly increase of 3.57%, while manufacturing itself experienced a 1.33% rise.
Energy prices again showed the most significant monthly fluctuation, with the ND-PPI for this sector going up by 2.68%. The price changes for other categories were more moderate, ranging from a 0.59% increase for durable consumer goods to a 1.65% increase for intermediate goods. (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.
Europe is entering the winter heating season with significantly lower natural gas reserves than in previous years, raising concerns over the region’s ability to meet rising demand as temperatures fall.
Euro zone inflation accelerated to 3.8% in September from 3.2% in August, driven by a sharp rise in energy prices, preliminary data from the European Union's statistics agency Eurostat showed on Friday.
Türkiye’s defense company ASELSAN is expanding its international partnerships through new agreements covering air defense, reconnaissance, surveillance, radar and electronic warfare systems, with recent deals involving Poland and Azerbaijan.
Brent crude prices climbed above the $100 mark as reports that negotiations between the United States and the Islamic Republic of Iran had reached a deadlock increased concerns over continued tensions and possible disruptions to global oil supplies.
