According to the statistics released by the Turkish Statistical Institute (TUIK), in January the domestic producer price index (PPI) for Turkish industry in general increased by 32.93 percent year on year and by 0.45 percent month on month, while an average rise of 28.7 percent was registered for the latest 12 months.
In January, the domestic PPI for Turkey's basic metal industry was down by 2.34 percent on month-on-month basis and rose by 27.79 percent compared to the same month of the previous year. Meanwhile, the average increase in the domestic PPI for the latest 12 months was 44.81 percent.
On the other hand, in the given month the domestic PPI for Turkish manufacture of metal products, except machinery, fell by 0.35 percent compared to December last year and was up 31.47 percent year on year. Meanwhile, in the sector in question, an average increase of 32.32 percent in the PPI index was registered for the latest 12 months.