Agricultural input prices soar in December 2021

The Agricultural Input Price Index (Agriculture-IPI) surged by 32.60% in December 2021, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat).

The Agriculture-IPI also rose by 9.82% monthly and 27.89% over a 12-month average in December 2021.

As for annual changes in critical groups: goods and services contributing to the agricultural investment index surged by 31.91% year over year, while goods and services currently consumed in the agricultural index jumped 47.85% in the same period.

Monthly changes for the same critical groups are as follows: goods and services contributing to the agricultural investment index rose by 7.30%, while goods and services currently consumed in the agricultural index increased by 10.19% in December 2021.

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