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 2.24 percent compared to February and was up 17.08 percent year on year, while an average rise of 21.15 percent was registered for the latest 12 months.
In March this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose 3.42 percent on month-on-month basis and were up 23.21 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 31.13 percent.
On the other hand, in March this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, rose by 2.47 percent compared to February and were up 19.05 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 20.07 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.