Türkiye’s agricultural producer price index rises by 32.1% annually – Türkiye Today

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.