According to the figures released by the Turkish Statistical Institute (TUIK), in August this year Turkish producers’ foreign sales price index (PPI)* in general increased by 1.95 percent compared to July and by 59.24 percent year on year, while an average rise of 55.86 percent was registered for the latest 12 months.
In the given month, the foreign sales prices of producers in the Turkish domestic basic metal industry increased by 0.3 percent on month-on-month basis and by 41.45 percent compared to the same month of 2022. Meanwhile, the average increase in prices in the latest 12 months was 44.64 percent.
On the other hand, in August Turkish producers’ foreign sales prices for domestic manufactured metal products, except machinery, advanced by 0.08 percent compared to July and by 61.52 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 64.6 percent.