According to the figures released by the Turkish Statistical Institute (TUIK), in October this year Turkish producers' foreign sales price index (PPI)* in general decreased by 7.45 percent compared to September and was up 55.4 percent year on year, while an average rise of 33.98 percent was registered for the latest 12 months.
In October this year, the foreign sales prices of producers in the Turkish domestic basic metal industry fell by 8.12 percent on month-on-month basis and were up 64.86 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 44.0 percent.
On the other hand, in October this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, decreased by 6.84 percent compared to September and were up 53.82 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 34.6 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.