Turkey’s domestic product prices edged up to 30.12 percent from a year earlier in April 2019, following a 29.64 percent rise in the prior month. It is the highest producer inflation since January, as cost advanced further for mining & quarrying (25.42 percent vs 23.42 percent in March); manufacturing (28.31 percent vs 28.23 percent) and electricity, gas (57.87 percent vs 51.56 percent). Meanwhile, prices slowed for water supply (0.33 percent vs 0.76 percent). On a monthly basis, producer prices increased 2.98 percent, up from a 1.58 percent rise in the prior month. Producer Prices Change in Turkey averaged 37.62 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 25.10 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 14.70 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.