TURKSTAT - Turkish Statistical Institute

01/14/2020 | Press release | Distributed by Public on 01/14/2020 03:53

Producer Price Index of Agricultural Products

Producer Price Index of Agricultural Products (Agriculture-PPI) increased by 16.07% annually and 2.17% monthly

Agriculture-PPI (2015=100) on the previous month increased by 2.17%, on December of the previous year increased by 16.07%, on same month of the previous year increased by 16.07% and on the twelve months moving averages basis increased by 22.74% in December 2019.

Compared to the previous month in sectors; forestry products decreased by 2.42%, agriculture and hunting products increased by 2.18% and fishing increased by 5.49%. Regarding monthly changes by main groups; non-perennial crops increased by 1.11%, live animals, animal products increased by 2.56% and perennial crops increased by 3.58%.

Agriculture-PPI annual change (%), December 2019

The highest annual decrease was 8.28% in poultry, live and eggs subgroup

Vegetables and melons, roots and tubers was the other subgroup where high annual decreases realized with 5.23% on the same month of the previous year. On the other hand, citrus fruits with 48.38%, other tree and bush fruits and nuts with 45.85% were the subgroups where high annual increases realized on the same month of the previous year.

Agriculture - PPI annual rate of changes in subgroups (%), December 2019

The highest monthly decrease was 6.25% in oleaginous fruits subgroup

In December 2019, the other group that indicated a decrease was other farmed animals and animal products with 1.47% amongst the subgroups. On the other hand, other tree and bush fruits and nuts with 4.94 and dairy cattle, live and raw milk from dairy cattle with 3.38% were the subgroups where high monthly increases realized.

Agriculture - PPI monthly rate of changes in subgroups (%), December 2019

In December 2019 within average prices of 86 items in the index, the average prices of 30 items decreased and the average prices of 6 items remained unchanged while the average prices of 50 items increased.

The next release on this subject will be on February 14, 2020.