According to the figures released by the Turkish Statistical Institute (TUIK), in July this year Turkish producers' foreign sales price index (PPI)* in general increased 2.2 percent compared to June and was up 24 percent year on year, while an average rise of 16.6 percent was registered for the latest 12 months.
In July this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose 1.8 percent on month-on-month basis and were up 34 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 26.9 percent.
On the other hand, in July this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 1.9 percent compared to June and were up 20.2 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 10.6 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.