According to the figures released by the Turkish Statistical Institute (TUIK), in June this year Turkish producers' foreign sales price index (PPI)* in general increased 3.4 percent compared to May and was up 35.3 percent year on year, while an average rise of 23 percent was registered for the latest 12 months.
In June this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose by 3.8 percent on month-on-month basis and were up 46.5 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 31.8 percent.
On the other hand, in June this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 3.5 percent compared to May and were up 35 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 23 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.