AIR TRANSPORTATION PRICES SOAR

Air transport services, a sub-sector of the services producer price index (S-PPI) increased by 66.7% on an annual basis in December 2020, according to the Turkish Statistical Institute. Meanwhile, the annual rise in S-PPI was 22.12%, contributing to the producer price index of 25.15% on an annual basis in the same month. S -PPI increased by 15.14% on a 12-month moving average basis. In addition to air transport services, warehousing support services and travel agency tour operator reservation services rose by 50.31% and 36.02%, respectively.

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