According to the figures released by the Turkish Statistical Institute (TUIK), in January this year the domestic producer price index (PPI) for Turkish industry in general increased four percent from December and was up 13.7 percent year on year, while an average rise of five percent was registered for the latest 12 months.
In January this year, the domestic PPI for Turkey's basic metal industry grew by 7.6 percent on month-on-month basis and were up 41.2 percent compared to the same month of the previous year. Meanwhile, the average increase in the domestic PPI for the latest 12 months was 6.6 percent.
On the other hand, in the given month the domestic PPI for Turkish manufacture of metal products, except machinery, increased by 5.02 percent compared to December and were up 14.4 percent year on year. Meanwhile, in the sector in question, an average increase of 7.2 percent in the PPI index was registered for the latest 12 months.