According to the figures released by the Turkish Statistical Institute (TUIK), in October this year Turkish producers' foreign sales price index (PPI)* in general increased 4.2 percent compared to September and was up 25.8 percent year on year, while an average rise of 22.7 percent was registered for the latest 12 months.
In October this year, the foreign sales prices of producers in the Turkish domestic basic metal industry rose 5.8 percent on month-on-month basis and were up 39.5 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 35.6 percent.
On the other hand, in October this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 5.5 percent compared to September and were up 27 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 17.4 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.