Highest monthly increase in overseas PPI in 7 months

According to TurkStat data, overseas PPI increased by 4.00 percent in January 2023 compared to the previous month, 4.00 percent compared to December of the previous year, and 50.98 percent compared to the same month of the previous year. The data was recorded as the highest increase in the seven months on a monthly basis. TurkStat announced the Overseas Producer Price Index for January 2023. Accordingly, overseas PPI increased by 4.00 percent in January 2023 compared to the previous month, 4.00 percent compared to December of the previous year, 50.98 percent compared to the same month of the previous year and 91.79 percent compared to twelve-month averages. Annual changes in two sectors of the industry were realized as 45.09 percent increase in mining and quarrying and 51.09 percent increase in manufacturing. Annual changes in main industry groups; 50.21 percent increase in intermediate goods, 51.88 percent increase in durable consumer goods, 47.66 percent increase in non-durable consumer goods, 80.77 percent increase in energy and 50.89 percent increase in capital goods. Manufacturing increased by 4.01 percent monthly Monthly changes in two sectors of the industry were realized as 3.18 percent increase in mining and quarrying and 4.01 percent increase in manufacturing. Monthly changes in main industry groups were realized as 3.27 percent increase in intermediate goods, 3.95 percent increase in durable consumer goods, 3.41 percent increase in non-durable consumer goods, 10.09 percent increase in energy and 4.18 percent increase in capital goods. 10 sub-sectors showed lower change compared to the annual foreign PPI Among the YD-PPI sectors, metal ores with 29.35 percent, wearing apparel with 36.75 percent and basic metals with 39.84 percent were the sub-sectors with the least increases in the indices. On the other hand, coke and refined petroleum products increased by 80.77 percent, computers, electronic and optical products by 73.09 percent, and other non-metallic mineral products by 72.36 percent were the sub-sectors where the indices increased the most.