In November, Agricultural Producer Prices Increased by 8.88% Compared to the Previous Month

In November 2024, the Agricultural Producer Price Index (Agricultural-PPI) based on 2020=100 showed an increase of 8.88% compared to the previous month, a rise of 37.55% compared to December of the previous year, an increase of 46.91% compared to the same month of the previous year, and a 12-month average increase of 48.83%.

According to the statement, month-over-month changes in sectors revealed a 9.35% increase in agriculture and hunting products and related services, a 1.59% increase in forestry products and related services, and a 1.70% increase in fish and other fishing products; aquatic products; and supportive services for fishing.

In major groups, there was a 19.49% increase in annual (non-perennial) plant products, a 4.91% increase in perennial (long-lived) plant products, and a 2.93% increase in live animals and animal products.

Here are the Agricultural-PPI and change rates by sector and major groups (in %) for November 2024:

Index	Change Rate Compared to the Previous Month (%)	Change Rate Compared to the Same Month Last Year (%)	Change Rate Compared to December Last Year (%)	Change Rate According to the 12-Month Averages (%)
Agricultural-PPI	753.67	8.88	37.55	46.91
Agriculture and hunting products and related services	750.79	9.35	47.80	48.99
Annual (non-perennial) plant products	742.79	19.49	32.18	48.76
Perennial (long-lived) plant products	744.22	4.91	58.85	58.85
Live animals and animal products	765.22	2.93	33.08	39.75
Forestry products and related services	800.94	1.59	13.21	13.51
Fish and other fishing products; aquatic products; supportive services for fishing	810.39	1.70	53.63	59.73

The subgroup with the highest annual change was citrus fruits with an increase of 263.86%, while the subgroup with the highest monthly change was vegetables and melons-watermelons, roots, and tubers with an increase of 43.95%.