In May 2023, the Services Producer Price Index (H-PPI) increased by 2.99 percent compared to the previous month, by 28.58% compared to December of the previous year and by 65.47 percent compared to the same month of the previous year. In addition, an increase of 84.39% was recorded compared to the twelve-month averages.
In this period, transportation and storage services increased by 47.58 percent on an annual basis. The increase was 86.47 percent in accommodation and food services, 72.50 percent in information and communication services, 64.92 percent in real estate services, 90.59 percent in professional, scientific and technical services, and 87.64 percent in administrative and support services.
On a monthly basis, there was a 1.05% increase in transportation and storage services. The increase was 7.89% in accommodation and food services, 1.22% in information and communication services, 4.19% in real estate services, 2.48% in professional, scientific and technical services, and 5.22% in administrative and support services.
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