15.06.2020

Producer Price Index of Agricultural Products, May 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month increased by 0.88%, on December of the previous year increased  by 8.00%, on same month of the previous year increased by 10.59% and on the twelve months moving averages basis increased by 15.13% in May 2020.

Compared to the previous month in sectors; fishing products and other fishing products decreased by 5.47%, forestry products and related services increased by 0.76% and products of agriculture, hunting and related services increased by 1.06%. Regarding monthly changes by main groups; perennial crops decreased by 4.54%, live animals and animal products increased by 1.51% and non-perennial crops increased by 3.56%.


Agriculture-PPI annual change (%), May 2020

The lowest annual decrease was 8.71% vegetables and melons, root and tubers subgroup

In May 2020, poultry, live and eggs was the other subgroup where high annual decrease realized with 3.88% on the same month of the previous year. On the other hand, cereals (except rice), leguminous crops and oil seeds with 25.57%  and rice (in hulk) with 23.84% were the subgroups where high annual increases realized on the same month of the previous year.

Agriculture – PPI annual rate of changes in subgroups (%), May 2020

The highest monthly decrease was 2.94% in fibre plants subgroup

In May 2020, the other group that indicated a decrease was rice (in hulk) with 0.39% amongst the subgroups. On the other hand, other tree and bush fruits and nuts with 8.88% and cereals (except rice), leguminous crops and oil seeds with 4.38% and vegetables and melons, roots and tubers with 4.07% were the subgroups where high monthly increases realized.

Agriculture – PPI monthly rate of changes in subgroups (%), May 2020

In May 2020 within average prices of 82 items in the index; the average prices of 29 items decreased and the average prices of 17 items remained unchanged while the average prices of 36 items increased.

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

Source: TurkStat
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