Producer prices in Turkey increased by 7.36 percent year-on-year in December 2019, accelerating from a 4.26 percent gain in the previous month. This was the highest producer inflation since August, as cost advanced faster for mining and quarrying (13.31 percent vs 9.93 percent in November), manufacturing (6.98 percent vs 4.45 percent) and electricity, gas, steam (12.43 percent vs 3.82 percent). On the other hand, water supply prices fell further (-7.94 percent vs -7.51 percent). On a monthly basis, producer prices increased by 0.69 percent in December, the most since May, after edging down 0.08 percent in November. Producer Prices Change in Turkey averaged 37.18 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. source: Turkish Statistical Institute

Producer Prices Change in Turkey is expected to be 9.20 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 8.10 in 12 months time. In the long-term, the Turkey Producer Prices Change is projected to trend around 6.90 percent in 2020, according to our econometric models.


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Turkey Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
7.36 4.26 139.90 -3.75 1983 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 07:00 AM Sep 2.45% 13.45% 4.6%
2019-11-04 07:00 AM Oct 1.7% 2.45% 3%
2019-12-03 07:00 AM Nov 4.26% 1.7% 5%
2020-01-03 07:00 AM Dec 7.36% 4.26% 7.3%
2020-02-03 07:00 AM Jan 7.36%


News Stream
2019-12-03
Turkish Producer Inflation Accelerates in November
Producer prices in Turkey increased by 4.26 percent year-on-year in November 2019, after a 1.7 percent gain in the previous month. Cost advanced faster for both manufacturing (4.45 percent vs 1.26 percent) and mining and quarrying (9.93 percent vs 8.04 percent). Meanwhile, electricity, gas inflation slowed (3.82 percent vs 6.82 percent) while water supply prices fell further (-7.51 percent vs -6.53 percent). On a monthly basis, producer prices edged down 0.08 percent in November, following a 0.17 percent gain in October.

2019-11-04
Turkish Producer Inflation Slows to 6-1/2-Year Low
Producer prices in Turkey increased by 1.7 percent year-on-year in October 2019, at the slowest rate since April 2013, as cost rose at a softer pace for both manufacturing (1.26 percent vs 1.41 percent in September) and electricity, gas (6.82 percent vs 14.5 percent). In addition, prices of water supply continued to fall (-6.53 percent vs -6.59 percent). Conversely, mining and quarrying inflation accelerated to 8.04 percent from 7.83 percent. On a monthly basis, producer prices increased by 0.17 percent in October, following a 0.13 percent gain in September.

2019-10-03
Turkish Producer Inflation Rate Eases to 3-Year Low
Domestic producer prices in Turkey increased 2.45 percent year-on-year in September 2019, slowing from a 13.45 percent rise in the previous month. It was the lowest producer inflation rate since September 2016, as cost eased for manufacturing (1.41 percent compared to 10.59 percent in August); mining & quarrying (7.83 percent compared to 14.91 percent); and electricity, gas, steam and air conditioning supply advanced faster (14.50 percent compared to 55.83 percent). Additionally, prices of water supply, sewerage and waste management fell further (-6.59 percent compared to -6.19 percent). On a monthly basis, producer prices went up 0.13 percent, rebounding from a 0.59 percent decline in the prior month.

2019-09-03
Turkey Producer Inflation Rate Eases to Over 1-Year Low
Domestic producer prices in Turkey rose 13.45 year-on-year in August of 2019, the least since January last year and following a 21.66 percent jump in the previous month. Prices slowed for manufacturing (10.59 percent vs 19.88 percent in July and mining & quarrying (14.91 percent vs 20.59 percent) while water supply, sewerage and waste management cost dropped further (-6.19 percent vs -6.03 percent). On the other hand, electricity, gas, steam and air conditioning supply advanced faster (55.83 percent vs 47.57 percent). On a monthly basis, producer prices declined 0.59 percent, compared to a 0.99 percent drop in the prior month.

2019-08-05
Turkish Producer Price Inflation at 14-Month Low
The domestic producer price index in Turkey rose 21.66 percent year-on-year in July 2019, easing from a 25.04 percent increase in the previous month. That was the lowest producer price inflation since May 2018, as prices advanced at a softer pace for: manufacturing (19.88 percent vs 23.15 percent); mining & quarrying (20.59 percent vs 22.15 percent); and electricity, gas (47.57 percent vs 54.20 percent). In addition, water supply deflation deepened to 6.03 percent in July from 4.04 percent in June. On a monthly basis, producer prices declined 0.99 percent, compared to a 0.09 percent gain in June.

2019-07-03
Turkey Producer Inflation Rate Eases to 11-Month Low
Domestic producer prices in Turkey increased 25.04 percent year-on-year in June 2019, the least since July last year, slowing from a 28.71 percent rise in the previous month. Prices eased for manufacturing (23.15 percent from 27.61 percent in May) and cost of water supply prices declined further (-4.04 percent from -3.30 percent). On the other hand, cost of electricity and gas advanced at a faster pace (54.20 percent from 45.83 percent). On a monthly basis, producer prices went up 0.09 percent, after a 2.67 percent gain in the prior month.


Turkey Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Turkey Prices Last Previous Highest Lowest Unit
Inflation Rate 11.84 10.56 138.71 -4.01 percent [+]
Inflation Rate Mom 0.74 0.38 6.30 -1.44 percent [+]
Consumer Price Index CPI 440.50 437.25 440.50 94.77 points [+]
Core Consumer Prices 372.63 372.41 372.63 94.47 points [+]
Core Inflation Rate 9.81 9.25 24.34 2.50 percent [+]
GDP Deflator 186.60 170.60 186.60 59.40 points [+]
Producer Prices 454.08 450.97 457.16 0.01 points [+]
Producer Prices Change 7.36 4.26 139.90 -3.75 percent [+]
Export Prices 90.64 90.18 128.12 58.61 points [+]
Import Prices 86.68 87.01 127.41 45.77 points [+]
Food Inflation 10.89 8.89 31.86 1.38 percent [+]
Harmonised Consumer Prices 168.83 167.59 168.83 1.20 points [+]
Cpi Housing Utilities 487.44 486.29 487.44 96.79 points [+]
CPI Transportation 425.08 422.69 425.08 94.61 points [+]