Turkey Producer Prices April 2008

Turkey's producer price index rose by 4.50% over the April 2008 level. The index was up on December 2007 by 11.04%, on March 2007. The current twelve month average is now 6.39%.

Monthly oncreases were 2.87% in the index for agriculture and 4.90% the index of industry.

Th agriculture PPI increased 7.53% compared with December 2007, 18.83% compared with April 2007 and 11.98% on a twelve month average basis. The PPI for industry increased 11.91% compared with December 2007, 13.59% compared with April 2007 and 5,13% on a twelve month average basis.



The highest monthly increase in the PPI of industrial activities was recorded 19.40% in the index for metallic minerals.

There were increases 4.69% in the index for mining and stone quarrying, 4.92% in the index for manufacturing industry and 4.66% in the index for electricity, gas and water by sub-sections of industry.

The high rates of monthly increase in PPI by sub divisions were in the industrial price indices for metallic minerals (19.40%), for coke and refined petroleum (11.63%), for basic metal industry (11.62%), for crude petroleum and natural gas production (10.12%), for machinery and equipment (8.06%).

On the other hand index declined for tobacco products (-0,01%) compared with the previous month.

The high rates of annual increase were in the industrial price indices for metallic minerals (53,00%), for coke and refined petroleum (47,81%), for crude petroleum and natural gas production (47,75%), for basic metal industry (27,94%), for food products and beverages (18,96%).

Prices of 464 items increased in total of 756 items covered in the index.

In April 2008 within average prices of 756 items in the index, average prices of 189 items remained unchanged while average prices of 464 items increased and average prices of 103 items decreased.