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 6.4 percent compared to April and was up 30.6 percent year on year, while an average rise of 21.6 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 rose by 8.7 percent on month-on-month basis and were up 41.3 percent compared to the same month of the previous year. Meanwhile, the average increase in prices in the latest 12 months was 30.6 percent.
On the other hand, in May this year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 5.6 percent compared to April and were up 30.1 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 21.5 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.