According to the figures released by the Turkish Statistical Institute (TUIK), in March this year Turkish producers' foreign sales price index (PPI)* in general increased 0.5 percent from February and was up 25.8 percent year on year, while an average rise of 10.4 percent was registered for the latest 12 months.
In March this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose by 1.5 percent on month-on-month basis and were up 41.1 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 16.2 percent.
On the other hand, in March this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 0.1 percent compared to February and were up 17.9 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 5.7 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.