Turkey’s domestic product prices increased by 38.54 percent from a year earlier in November of 2018, easing from a 45.01 percent rise in the previous month. It was the lowest producer inflation rate since August, as prices advanced at a softer pace for manufacturing (34.97 percent vs 42.62 percent in October) and mining and quarrying (29.91 percent vs 35.87 percent). On the other hand, prices rose faster for both electricity and gas (94.41 percent vs 82.87 percent) and water supply (9.57 percent vs 9.22 percent). On a monthly basis, producer prices declined 2.53 percent, after a 0.91 percent rise in October. Producer Prices Change in Turkey averaged 37.70 percent from 1983 until 2018, 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.
Producer Prices Change in Turkey is expected to be 33.80 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 17.50 in 12 months time. In the long-term, the Turkey Producer Prices Change is projected to trend around 9.50 percent in 2020, according to our econometric models.