Inflation of agricultural producers is 151.03% per annum.

SHAFAQNA TURKEY- According to the Turkish Statistical Institute (TUIK), in the Agricultural Producer Price Index (2015=100), it was 4.82% in December 2022 compared to the previous month, 151.03% compared to December of the previous year. , and an increase of 151.03% over the same month of the previous year and 132.18% over the twelve-month average.

Compared to the previous month, forest products and related services decreased by 3.45%, agricultural and hunting products and related services increased by 5.03%, fish and other fish products increased by 5.37%. Compared to the previous month, in the main groups, there was a decrease in annual production of plant origin by 1.67%, an increase in live animals and livestock products by 7.81%, and long-term production of plant origin by 15.90%.

Agriculture-CPI and Rate of Change by Sector and Major Groups, December 2022

Annual rate of change of agricultural producer price index (%), December 2022

According to the annual Agri-PPI, 6 subgroups showed lower changes and 6 subgroups showed higher changes.

Subgroups with low annual growth were, respectively, fibrous plants – 82.94%, sheep and goats – 91.54%, live; they had raw milk and wool. On the other hand, the subgroups with the highest annual growth were citrus fruits with 309.17%, vegetables with 191.66% and melon-watermelon, root vegetables and tubers, respectively.

Annual rate of change of the Agricultural Producer Price Index by subgroups (%), December 2022

According to the monthly Agri-PPI, 9 subgroups showed lower changes and 3 subgroups showed higher changes.

In the subgroups that decreased compared to the previous month, there were vegetables and melons and watermelons, root crops and tubers with 2.64%, as well as cereals (without rice), legumes and oilseeds with 1.56%, respectively. On the other hand, the subgroups with the highest monthly gains were live cattle (including buffalo) at 9.58%, raw milk derived from them, and tropical and subtropical fruits at 8.25%.

Monthly rate of change of PPI in agriculture by subgroups (%), December 2022

In December 2022, out of 86 items included in the index, the average price of 34 items decreased, while the average price of 49 items increased. (AGENCIES)

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