According to the figures released by the Turkish Statistical Institute (TUIK), in February this year Turkish producers' foreign sales price index (PPI)* in general have increased by 1.70 percent compared to January and was up 15.07 percent year on year, while an average rise of 21.89 percent was registered for the latest 12 months.
In February this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose 2.12 percent on month-on-month basis and were up 20.98 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 32.69 percent.
On the other hand, in February this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, rose by 1.52 percent compared to January and were up 16.33 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 19.99 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.