The agricultural input price index increased by 134.76 percent year on year.

SHAFAQNA TURKEY – The Turkish Statistical Institute has released the October GFE Agriculture data.

Accordingly, in October, the indicator increased by 2.68 percent on a monthly basis and by 134.76 percent compared to the same month of the previous year. The index increased by 97 percent compared to December last year and increased by 105.81 percent compared to the 12-month average.

In the main groups, compared with the previous month, there was an increase of 2.34 percent in the index of goods and services used in agriculture, and an increase of 5.43 percent in the index of goods and services that promote investment in agriculture.

Compared to the same month of the previous year, there was an increase of 100.96 percent in the index of goods and services that promote investment in agriculture, and 140.04 percent in the index of goods and services used in agriculture.

Subgroups

According to the annual Agri-GFE, 7 subgroups showed lower variability and 4 subgroups showed higher variability.

The subgroups with low annual growth were veterinary expenses with 38.42% and other goods and services with 63.76%. The subgroups with the highest annual growth were identified as energy and oils with 196.89%, fertilizers and soil conditioners with 192.52%.

According to Monthly Agriculture-GFE, lower changes were observed in 4 subgroups and higher changes in 7 subgroups.

The subgroups with low monthly gains were 0.39 percent for other goods and services and 0.67 percent for machinery maintenance costs. The subgroups with the highest monthly increase were identified as materials with 6.79%, energy and oils with 4.11%. WORLD