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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
Rates of change by sectors and main groups of agriculture-PPI, August 2024. (Data via TurkStat)
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.
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%.
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.
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