According to the figures released by the Turkish Statistical Institute (TUIK), in May this year Turkish producers' foreign sales price index (PPI)* in general increased by 1.47 percent compared to April and was up by 10.06 percent year on year, while an average rise of 7.23 percent was registered for the latest 12 months.
In May this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose by 1.48 percent on month-on-month basis and grew by 7.49 percent compared to the same month of 2019. Meanwhile, the average increase in prices in the latest 12 months was 2.13 percent.
On the other hand, in May this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, rose by 0.93 percent compared to April and were up by 9.89 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 6.38 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.
