The producer prices of industrial products were 0.8% lower in August 2024 than in August 2023. In July 2024, the year-on-year change rate also stood at -0.8%. The Federal Statistical Office (Destatis) also reports that producer prices in August 2024 were up 0.2% on July 2024.

Lower energy prices were the main reason for the year-on-year decline in producer prices also in August 2024, while higher prices had to be paid for capital, consumer and intermediate goods.

Source: Destatis
Post by: Republic of Türkiye Ministry of Trade