2023 April inflation figures announced

Annual inflation decreased to the lowest level of the last 16 months with 43.68 percent in consumer prices and to the lowest level of the last 18 months with 52.11 percent in domestic producer prices.

According to data from the Turkish Statistical Institute, taking into account 12-month averages, consumer prices increased by 67.2 percent and domestic producer prices by 105.5 percent in April.

Producer inflation for April was announced as 52.11 percent

According to data released by the Turkish Statistical Institute, D-PPI increased by 0.81 percent in April compared to the previous month, 7.11 percent compared to December last year, 52.11 percent compared to the same month last year and 105.5 percent compared to the twelve-month averages.

Domestic Producer Price Index (D-PPI) increased by 63.87 percent in mining and quarrying, 48.24 percent in manufacturing, 50.27 percent in electricity, gas production and distribution, and 72.84 percent in water supply on an annual basis in April.

The annual changes in the 4 sectors of the industry in April were 63.87 percent in mining and quarrying, 48.24 percent in manufacturing, 50.27 percent in electricity, gas production and distribution, and 72.84 percent in water supply.

Looking at the monthly changes of these groups, there was an increase of 2.42 percent in mining and quarrying, 2.54 percent in manufacturing, 1.63 percent in water supply, while electricity, gas production and distribution decreased by 16.98 percent.

When the annual changes of the main industrial groups are examined, intermediate goods increased by 41.11 percent, durable consumer goods by 50.57 percent, non-durable consumer goods by 72.13 percent, energy by 49.93 percent and capital goods by 51.46 percent.

Looking at the monthly changes in these groups, intermediate goods increased by 2.26 percent, durable consumption goods by 2.32 percent, non-durable consumption goods by 3.57 percent and capital goods by 3.07 percent, while energy decreased by 9.72 percent.

According to the annual D-PPI, 16 sub-sectors showed lower and 13 sub-sectors showed higher changes. The only sub-sector with an annual decrease was coke and refined petroleum products with 1.03 percent. On the other hand, other mining and quarrying products increased by 116.52 percent, beverages by 113.06 percent, basic pharmaceutical products and preparations by 93.61 percent.

According to monthly D-PPI, 7 sub-sectors showed lower and 22 sub-sectors showed higher changes. The highest monthly decreases were in electricity, gas, steam and air conditioning with 16.98 percent, tobacco products with 5.37 percent, crude oil and natural gas with 3.46 percent. On the other hand, metal ores with 4.74 percent, other mining and quarrying products with 4.13 percent, food products with 4.08 percent were recorded as the sub-sectors with the highest increase in indices.