Producer Price Index in December Increased by 0.40% Month-on-Month and 28.52% Year-on-Year
In December 2024, the Wholesale Price Index (WPI) based on 2003=100 recorded a 0.40% increase compared to the previous month, a 28.52% increase compared to December of the previous year, and a 28.52% increase compared to the same month of the previous year. Additionally, it showed a 41.10% increase based on twelve-month averages.
WPI change rates (%), December 2024
- December 2024
- December 2023
- December 2022
Change rate compared to the previous month 0.40 1.14 -0.24
Change rate compared to December of the previous year 28.52 44.22 97.72
Change rate compared to the same month of the previous year 28.52 44.22 97.72
Change rate based on twelve-month averages 41.10 49.93 128.47
Annual change rate of WPI (%), December 2024 According to the announcement made by the Turkish Statistical Institute (TÜİK), the annual increase in the WPI for manufactured goods was 30.02%. The annual changes in four sectors of industry were as follows: a 36.17% increase in mining and quarrying, a 30.02% increase in manufacturing, an 11.21% increase in electricity and gas production and distribution, and a 34.48% increase in water supply.
Annual change rates of WPI (%), December 2024 Annual change rates of WPI by sector (%), December 2024
The WPI for manufactured goods increased by 1.0% month-over-month. The monthly changes in the four sectors of industry were: a 0.63% increase in mining and quarrying, a 1.0% increase in manufacturing, a 5.84% decrease in electricity and gas production and distribution, and a 1.57% increase in water supply.
Monthly changes in major industrial groups were as follows: a 0.64% increase in intermediate goods, a 1.41% increase in durable consumer goods, a 1.48% increase in non-durable consumer goods, a 3.37% decrease in energy, and a 0.92% increase in capital goods.
Monthly change rates of WPI (%), December 2024 Monthly change rates of WPI by sector (%), December 2024