22.12.2020

Agricultural Input Price Index, October 2020

Agriculture-PPI (2015=100) increased by 2.74% compared to previous month, increased by 10.82% compared to December of the previous year, increased by 12.64% compared to same month of the previous year and increased by 8.62% compared to twelve months averages, in October 2020.

Monthly changes with respect to previous month by main groups, goods and services contributing to agricultural investment index increased by 2.41% and goods and services currently consumed in agricultural index increased by 2.79%. The goods and services currently consumed in agricultural index increased by 12.18% and goods and services contributing to agricultural investment index increased by 15.46% compared to same month of the previous year.

         Annual rate of changes of Agricultural-IPI (%), October 2020

The highest annual decrease was realized 3.61% in veterinary expenses subgroup

The other subgroups that indicated a decrease were energy; lubricants with 1.16% and seeds and planting stock with 0.12% amongst the subgroups. On the other hand, maintenance of materials with 30.58% and animal feedingstuffs with 20.18% were the subgroups where high annual increases realized.

Agricultural-IPI annual rate of changes in subgroups (%), October 2020

The lowest monthly increase was 0.78% in plant protection and pesticides subgroup

In October 2020, the other subgroup that indicated an increase was other goods and services with 1.46%. On the other hand, maintenance of materials with 4.04%, seeds and planting stock with 3.71%, and fertilizer and soil improvers with 3.68% were the subgroups where high monthly increases realized.

Agricultural – IPI monthly rate of changes in subgroups (%), October 2020

The next release on this subject will be on January 21, 2021.


Source: TurkStat
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Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.