According to the figures released by the Turkish Statistical Institute (TUIK), in January this year Turkish producers' foreign sales price index (PPI)* in general increased by 2.39 percent compared to December and was up by 9.53 percent year on year, while an average rise of 12.39 percent was registered for the latest 12 months.
In January this year, the foreign sales prices of producers in the Turkish domestic basic metal industry advanced by 1.86 percent on month-on-month basis and were up by 4.99 percent compared to the same month of 2019. Meanwhile, the average increase in prices in the latest 12 months was 7.79 percent.
On the other hand, in January this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, rose by 1.65 percent compared to December and were up by 6.95 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 11.57 percent.
Foreign sales price index indicates changes in Turkish producers' prices for other countries.