Producer prices in Turkey surged 8.33 percent year-on-year in July of 2020, quickening from a 6.17 percent rise in the previous month. It was the highest producer inflation since March. Prices advanced faster in all categories: electricity, gas, steam (12.69 percent vs 9.40 percent in June); water supply (12.06 percent vs 7.30 percent); mining & quarrying (8.94 percent vs 4.19 percent) and manufacturing (7.95 percent vs 5.99 percent). On a monthly basis, producer prices inched up 1.02 percent, after increasing 0.69 percent in the preceding month.
Producer Prices Change in Turkey averaged 36.72 percent from 1983 until 2020, reaching an all time high of 139.90 percent in January of 1995 and a record low of -3.75 percent in July of 2009. This page provides the latest reported value for - Turkey Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Turkish Statistical Institute
Producer Prices Change in Turkey is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Turkey to stand at 7.00 in 12 months time. In the long-term, the Turkey Producer Prices Change is projected to trend around 6.90 percent in 2021 and 7.40 percent in 2022, according to our econometric models.