The cost of products sold abroad is increasing due to the effects of oil and exchange rates.
The producer price index abroad, which shows the price changes in products produced to be sold abroad, started to rise again after a two-month decline in May. This index, which measures the price changes experienced while producing goods to be imported, broke a historical record in February with 106.13%, and costs increased at an unprecedented level. After a limited decline to 105.82 in March, the index decreased to 97.11% in April. In May, the index increased by 6.51% monthly and reached 100.54%. The most decisive factor in the increase in goods and services to be sent abroad in May was the increase of more than 10% in the dollar exchange rate. In May, due to the acceleration of the Fed's tightening step and the strengthening of the dollar in global markets, as well as domestic inflation reaching the highest level of the last 20 years and the Central Bank not increasing interest rates, there was an increase of more than 10% in the exchange rate. In addition, the continuing increase in oil, food and commodity prices multiplied production costs again. In transfers abroad, especially logistics costs have brought producers face to face with unprecedented costs in the last year. On an annual basis; 107.11% increase was realized in mining and quarrying and 100.42% increase in manufacturing, two sectors of the industry. In main industry groups, 112.79% increase was seen in intermediate goods, 83.68% in durable consumer goods, 83.73% in non-durable consumer goods, 279.37% in energy and 85.52% in capital goods.