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Price Index News Release: Annual Increase in Ag-Machinery Input Prices Were %13,59 in October!

According to the Agricultural Input Price Index (Agricultural-IPI) monthly bulletin published by TurkStat, Agriculture- Price Index (2015 = 100),  went up by 2,74%, with a rise of 10,82% compared to December of the previous year, 12,64% year-on-year and increased by %8,62 compared to the twelve-months average in October.

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As of September, the annual inflation rate edged up to 11,89% while the index in agricultural machinery prices * (materials) rose by 13,59% with an increase of 2,09% month-on-month.

The highest annual decrease was 3.63% in the veterinary expenses subgroup. Adsız.png

Moreover, the other subgroups that indicated a decrease were energy and lubricants with 1,16% and seeds with 0,12%. On the other hand, the subgroups which had the highest annual increase rate were respectively maintenance with 30.58% and animal feeding products with 20,18%.

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