Producer prices in Turkey decreased to 5.53 percent year-on-year in May of 2020, easing from a 6.71 percent in the previous month. It was the lowest producer inflation since November of 2019, as prices slowed for manufacturing (4.98 percent vs 6.27 percent in April) and mining & quarrying (3.63 percent vs 7.44 percent). On the other hand, cost advanced faster for electricity, gas, steam (14.49 percent from 12.86 percent) and water supply (6.61 percent from 4.57 percent). On a monthly basis, producer prices went up 1.54 percent, after rising 1.28 percent in the prior month.
Producer Prices Change in Turkey averaged 36.85 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 June of 2020. source: Turkish Statistical Institute
Producer Prices Change in Turkey is expected to be 9.60 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 7.50 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.