Domestic producer prices in Turkey increased 25.04 percent year-on-year in June 2019, the least since July last year, slowing from a 28.71 percent rise in the previous month. Prices eased for manufacturing (23.15 percent from 27.61 percent in May) and cost of water supply prices declined further (-4.04 percent from -3.30 percent). On the other hand, cost of electricity and gas advanced at a faster pace (54.20 percent from 45.83 percent). On a monthly basis, producer prices went up 0.09 percent, after a 2.67 percent gain in the prior month. Producer Prices Change in Turkey averaged 37.57 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.