Turkey's producer price inflation accelerated to 45.52 year-on-year in August 2021, from 44.92 percent in the previous month. It was the highest rate since September 2018, adding to concerns over inflationary pressure in the country. Prices rose for energy (59.39 percent vs 42.42 percent in July), intermediate goods (54.71 percent vs 57.23 percent), non-durable consumer goods (31.49 percent vs 31.44 percent), durable consumer goods (29.12 percent vs 31.58 percent), and capital goods (27.48 percent vs 31.38 percent). On a monthly basis, producer prices jumped 2.77 in August, faster than a 2.46 rise in July. source: Turkish Statistical Institute
Producer Prices Change in Turkey averaged 36.51 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 September of 2021.
Producer Prices Change in Turkey is expected to be 44.20 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 9.50 percent in 2022 and 6.60 percent in 2023, according to our econometric models.