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The price index in the service sector in Turkey increased by 77% during the year

The price index in the service sector in Turkey increased by 77% during the year

The services producer price index (H-PPI) in Turkey in October 2023 increased by 76.99% year-on-year, Cumhuriyet wrote on November 30, citing data from Turkstat.

It should be noted that by region the index increased annually as follows: 63.9% – in the field of transportation and storage services, 94.9% – in accommodation and food services, 81.38% – in information and communication services, 72.57% in real estate services, 92% in professional, scientific and technical services, and administrative and support services increased by 95.1%.

According to the annual variation of the H-PPI, 7 subsectors showed less changes and 20 subsectors showed more changes.

Maritime transport services increased by 16.32%, air transport services by 41.67% and storage and auxiliary services (to transport) by 55.69%.

Film, video and television program production services increased by 134.6%, construction and landscaping services by 128.75%, and advertising and market research services by 109.79%.

Also read: Turkish citizens work mainly in the service sector – Turkstat

Also read: The service sector leads the Turkish economy – Turkstat

Also read: Türkiye expects to exceed $120 billion in service exports by the end of the year

Also read: Hürriyet: Turkish hotels have increased prices by 100%

Source: Rossa Primavera

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