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 3.02 percent from April and was up 5.6 percent year on year, while an average rise of 10.15 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 grew by 3.28 percent on month-on-month basis and were up 3.67 percent compared to the same month last year. Meanwhile, the average increase in prices in the latest 12 months was 9.81 percent.
On the other hand, in May of the current year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 1.35 percent compared to April and were up 4.85 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 13.23 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.