According to the figures released by the Turkish Statistical Institute (TUIK), in January this year Turkish producers' foreign sales price index (PPI)* in general increased 7.25 percent from December and was up 24.3 percent year on year, while an average rise of 7.6 percent was registered for the latest 12 months.
In January this year, the foreign sales prices of producers in the Turkish domestic basic metal industry grew by 8.6 percent on month-on-month basis and were up 38.7 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 10.4 percent.
On the other hand, in January this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 6.2 percent compared to December and were up 15.8 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 4.2 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.