Domestic producer prices in Turkey rose 13.45 year-on-year in August of 2019, the least since January last year and following a 21.66 percent jump in the previous month. Prices slowed for manufacturing (10.59 percent vs 19.88 percent in July and mining & quarrying (14.91 percent vs 20.59 percent) while water supply, sewerage and waste management cost dropped further (-6.19 percent vs -6.03 percent). On the other hand, electricity, gas, steam and air conditioning supply advanced faster (55.83 percent vs 47.57 percent). On a monthly basis, producer prices declined 0.59 percent, compared to a 0.99 percent drop in the prior month. Producer Prices Change in Turkey averaged 37.48 percent from 1983 until 2019, reaching an all time high of 139.90 percent in January of 1995 and a record low of -3.75 percent in July of 2009.
Producer Prices Change in Turkey is expected to be 17.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Turkey to stand at 14.00 in 12 months time. In the long-term, the Turkey Producer Prices Change is projected to trend around 9.50 percent in 2020, according to our econometric models.