Producer price inflation in Turkey quickened for the 14th straight month to 44.9% year-on-year in July of 2021 from 42.9% in the previous month. It was the highest increase in producer prices since October of 2018, mainly driven by prices of manufacturing (47.9% vs 45.9% in June). Meanwhile, costs slowed a bit for mining & quarrying (34.4% vs 35.3%); electricity, gas, steam and air conditioning (15.1% vs 28.6%) and water supply (28.3% vs 28.6%). On a monthly basis, producer prices rose 2.46%, slowing from a 4.01% rise in the previous month. source: Turkish Statistical Institute
Producer Prices Change in Turkey averaged 36.49 percent from 1983 until 2021, 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 2021.
Producer Prices Change in Turkey is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Producer Prices Change is projected to trend around 8.90 percent in 2022 and 5.60 percent in 2023, according to our econometric models.