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Turkey's domestic PPI soars 80% in 2021

Turkey's domestic PPI soars 80% in 2021 VMRO-DPMNE/All Rights Reserved.

ANKARA (Turkey), January 6 (SeeNews) - Turkey's domestic industrial producer prices rose 80% in 2021, the country's statistical office said.

On a monthly comparison basis, the domestic market industrial producer price index (D-PPI) added 19.08% in December, TurkStat said in a statement earlier this week.

In 2021 D-PPI jumped by 117% in the electricity, gas, steam and air conditioning sector, by 77% in the manufacturing sector, by 63% in the mining and stone quarrying sector, and by 34% in the water supply sector.

By main industrial groups, D-PPI increased by 92% for intermediate goods, by 46% for durable consumer goods, by 54% for non-durable consumer goods, by 51% for capital goods, and by 123% for energy.

By industry subdivisions, the sharpest annual increases in the domestic market PPI in 2021 were registered in coke and refined petroleum products, by 162%, in crude petroleum and natural gas, by 139%, and in basic metals, by 131%.

The lowest annual increases were reported in clothes by 21%, in basic pharmaceutical products and pharmaceutic preparations, by 26%, and in leather and related products, by 29%.

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