According to the figures released by the Turkish Statistical Institute (TUIK), in July this year Turkish producers' foreign sales price index (PPI)* in general increased 2.6 percent compared to June and was up 35.8 percent year on year, while an average rise of 23.9 percent was registered for the latest 12 months.
In July this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose by 3.8 percent on month-on-month basis and were up 49.4 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 33.3 percent.
On the other hand, in July this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by three percent compared to June and were up 36.3 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 24.4 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.