Turkey’s domestic product prices rose 29.59 percent from a year earlier in February 2019, slowing from a 32.93 percent advance in the previous month. It was the lowest producer inflation rate since July 2018, as prices advanced at a softer pace for manufacturing (28.47 percent vs 29.61 percent in January), electricity, gas (47.38 percent vs 92.80 percent) and water supply (1.33 percent vs 2.80 percent). On the other hand, mining and quarrying prices increased faster (22.58 percent vs 22.50 percent). On a monthly basis, producer prices edged up 0.09 percent in February, after a 0.45 percent rise in January. Producer Prices Change in Turkey averaged 37.66 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 24.50 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 15.50 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.