Producer prices in Turkey increased by 8.84 percent year-on-year in January 2020, the most since August and compared to a 7.36 percent advance in the previous month. Upward pressure came from manufacturing (8.45 percent vs 6.98 percent in December 2019), electricity, gas, steam (13.07 percent vs 12.43 percent), and water supply (4.27 percent vs -7.94 percent). On the other hand, mining and quarrying inflation softened to 12.76 percent from 13.31 percent. On a monthly basis, producer prices rose by 1.84 percent in January, the most since May last year.
Producer Prices Change in Turkey averaged 37.11 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. source: Turkish Statistical Institute
Producer Prices Change in Turkey is expected to be 9.20 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 8.10 in 12 months time. In the long-term, the Turkey Producer Prices Change is projected to trend around 6.90 percent in 2021, according to our econometric models.