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Turkiye's non-domestic producer price index up 59.24% in August 2023

22 Sep '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Turkiye saw a significant surge in non-domestic producer price index (ND-PPI) for August 2023, with a ***,** per cent annual and **.*,** per cent monthly increase, according to Turkstat.
  • The manufacturing sector led with a ***,** per cent annual rise.
  • The annual increase for wearing apparel stood at ***,** per cent, and for textile, it was ***,** per cent.

The ND-PPI, measured with a base year of ****, marked a **.** per cent increase compared to December of the previous year. The yearly increase compared to the same month last year was **.** per cent. When assessed on a twelve-month moving average, the ND-PPI showed a rise of **.** per cent.

The manufacturing sector saw a particularly steep annual increase of **.** per cent. Among the main industrial groups, intermediate goods increased by **.** per cent, durable consumer goods by **.** per cent, non-durable consumer goods by **.** per cent, and energy by **.** per cent, annually, as per Turkstat.

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