Turkey’s domestic product prices edged up to 29.64 percent from a year earlier in March 2019, following a 29.59 percent rise in the prior month. Prices went up at a faster pace for mining & quarrying (23.42 percent vs 22.58 percent in February) and electricity, gas (51.56 percent vs 47.38 percent). On the other hand, cost slowed for manufacturing (28.23 percent vs 28.47 percent) and water supply (0.76 percent vs 1.33 percent). On a monthly basis, producer prices advanced 1.58 percent, up from a 0.09 percent increase in the previous month. Producer Prices Change in Turkey averaged 37.64 percent from 1983 until 2019, 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 19.20 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 14.70 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.