Domestic producer prices in Turkey rose 28.71 year-on-year in May 2019, the least since July last year, following a 30.12 percent jump in the previous month as cost rose at slower pace for manufacturing (27.61 percent vs 28.31 percent), and electricity, gas (45.83 percent vs 57.87 percent). At the same time, water supply prices dropped 3.30 percent, compared to a 0.33 percent gain in April. On a monthly basis, producer prices rose 2.67 percent in May, easing from a 2.98 percent increase in April. Producer Prices Change in Turkey averaged 37.60 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 26.80 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 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.