Türkiye’s agricultural producer price index rises by 32.1% annually
A harvester in a wheat field somewhere in Türkiye. (AA Photo)
Türkiye’s producer price index of agricultural products (agriculture-PPI), which uses 2020 as its base year, increased by 32.1% annually in August 2024 but recorded a month-on-month decrease of 1.56%.
According to the latest data from the Turkish Statistical Institute (TurkStat), the agriculture-PPI also showed a 17.92% increase compared to December of the previous year and a 55.84% rise on a 12-month moving average basis.
| Index | Monthly rate of change (%) | Rate of change on December of the previous year (%) | Annual rate of change (%) | Rate of change in 12 months moving averages (%) | |
| Agriculture-PPI | 646.14 | -1.56 | 17.92 | 32.10 | 55.84 |
| Products of agriculture, hunting and related services | 639.33 | -1.75 | 17.48 | 31.98 | 56.14 |
| Non-perennial crops | 527.20 | -9.31 | -6.18 | 7.65 | 37.91 |
| Perennial crops | 712.34 | 6.03 | 52.05 | 51.27 | 77.27 |
| Live animals and animal products | 732.52 | 0.19 | 27.39 | 49.84 | 67.86 |
| Products of forestry, logging and related services | 786.63 | -5.46 | 11.19 | 23.29 | 48.40 |
| Fish and other fishing products; aquaculture products; support services to fishing | 753.03 | 9.39 | 42.75 | 46.69 | 55.26 |
Sector-specific changes
In terms of sectoral performance, agricultural products, hunting, and related services recorded a 1.75% decline from the previous month. Forestry and logging products, along with related services, experienced a significant 5.46% drop.
In contrast, fish and other fishing products, aquaculture, and support services to fishing increased by 9.39% over the same period.
Monthly shifts by main groups
Looking at changes by main agricultural groups, non-perennial crops dropped by 9.31%, marking one of the sharpest declines for the month. Meanwhile, perennial crops saw an increase of 6.03%, and live animals and animal products rose slightly by 0.19%.
Notable subgroup changes
Oleaginous fruits stood out as the subgroup with the highest annual rate of change, soaring by 150.15%. On a monthly basis, tropical and subtropical fruits recorded the most significant growth, rising by 110.43% in August.
