Türkiye’s agricultural input prices see significant rise in June

The Turkish Statistical Institute (TÜİK) announced on Tuesday that the Agricultural Input Price Index has experienced substantial increases.

According to the statement, the index rose by 47.56% year-on-year and 0.93% month-on-month.

In June, the Agricultural-IPI increased by 16.66% compared to December of the previous year. Compared to the same month last year, it saw a 47.56% rise, and there was a 42.99% increase based on a twelve-month moving average.

Monthly changes were noted in two main categories: goods and services currently consumed in agriculture saw a 0.61% increase, while goods and services contributing to agricultural investment rose by 2.84%. Year-on-year, goods and services consumed in agriculture increased by 44.60%, and those contributing to agricultural investment saw a significant rise of 67.47%.

Veterinary expenses marked the highest annual change with a 114.01% increase, while other goods and services recorded the highest monthly change at 3.67%. (ILKHA)