According to the figures released by the Turkish Statistical Institute (TUIK), in March this year Turkish producers’ foreign sales price index (PPI)* in general increased by 1.65 percent compared to February and by 40.35 percent year on year, while an average rise of 79.20 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 rose by 3.25 percent on month-on-month basis and by 30.03 percent compared to the same month of 2022. Meanwhile, the average increase in prices in the latest 12 months was 82.44 percent.
On the other hand, in March Turkish producers’ foreign sales prices for domestic manufactured metal products, except machinery, advanced by 1.34 percent compared to February and by 55.18 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 91.79 percent.
