Monthly inflation series in service PPI increased to 1.5 years

TURKSTAT published the Service Producer Price Index, May 2023 data.

Accordingly, in May 2023, H-PPI increased by 2.99 percent compared to the previous month, by 28.58 percent compared to December of the previous year, by 65.47 percent compared to the same month of the previous year and by 84.39 percent on the averages of twelve months. showed. Thus, the monthly inflation series in services producer prices increased to 1.5 years.

Transportation and storage services increased by 47.58 percent annually

Compared to the same month of the previous year, 47.58 percent in transportation and storage services, 86.47 percent in accommodation and food services, 72.50 percent in information and communication services, 64.92 percent in real estate services, 90 percent in vocational, scientific and technical services, 59, administrative and support services increased by 87.64%.

Transportation and storage services increased by 1.05 percent monthly

Compared to the previous month, 1.05 percent in transportation and storage services, 7.89 percent in accommodation and food services, 1.22 percent in information and communication services, 4.19 percent in real estate services, 2.48 percent in professional, scientific and technical services, There was a 5.22 percent increase in administrative and support services.

19 subsectors showed higher variation in annual H-PPI

Among the H-PPI sectors, water transport services by 2.71 percent, air transport services by 35.58 percent, storage and support services (for transportation) by 46.52 percent, were the sub-sectors where the indexes increased the least. On the other hand, employment services by 120.52 percent, building and landscaping (landscaping) services by 117.17 percent, programming and broadcasting services by 110.86 percent were the sub-sectors where the indices increased the most.

Programming and broadcasting services by 4.08 percent, security and investigation services by 2.35 percent, office management, office support and other business support services by 2.19 percent, among the H-PPI sectors, were the sub-sectors where the indices decreased the most. On the other hand, accommodation services by 16.57 percent, travel agencies, tour operators, other reservation services and related services by 14.39 percent, and scientific research and development services by 13.12 percent were the sub-sectors where the indexes increased the most.