Annual producer price inflation in Turkey increased to 25.15 percent in December of 2020 from 23.11 percent in November, reaching its highest level since May of 2019. Main upward pressure came from prices of manufacturing (27.32 percent vs 25.04 percent in November), mining & quarrying (19.02 percent vs 19.63 percent), water supply (14.83 percent vs 12.83 percent) and electricity, gas, steam and air conditioning (0.25 percent vs 0.58 percent). On a monthly basis, producer prices were up 2.36 percent, following a 4.08 percent rise in November. source: Turkish Statistical Institute
Producer Prices Change in Turkey averaged 36.52 percent from 1983 until 2020, 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. This page provides the latest reported value for - Turkey Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Producer Prices Change in Turkey is expected to be 19.50 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 12.30 in 12 months time. In the long-term, the Turkey Producer Prices Change is projected to trend around 8.90 percent in 2022 and 5.60 percent in 2023, according to our econometric models.