According to the statistics released by the Turkish Statistical Institute (TUIK), in January this year the domestic producer price index (PPI) for Turkish industry in general increased by 8.84 percent year on year and was up 1.84 percent month on month, while an average rise of 15.71 percent was registered for the latest 12 months.
In January, the domestic PPI for Turkey's basic metal industry was up by 2.62 percent on month-on-month basis and rose by 2.18 percent compared to the same month of the previous year. Meanwhile, the average increase in the domestic PPI for the latest 12 months was 4.96 percent.
On the other hand, in the given month the domestic PPI for Turkish manufacture of metal products, except machinery, rose by 1.71 percent compared to December and was up 6.69 percent year on year. Meanwhile, in the sector in question, an average increase of 13.87 percent in the PPI index was registered for the latest 12 months.