Turkey’s domestic product prices increased by 32.93 percent from a year earlier in January of 2019, easing from a 33.64 percent rise in the previous month. It was the lowest producer inflation rate since August of 2018, as prices advanced at a softer pace for manufacturing (29.61 vs 31.11 percent in December), mining and quarrying (22.50 percent vs 24.34 percent) and water supply (2.80 percent vs 9.13 percent). On the other hand, cost rose faster for electricity and gas (92.80 percent vs 75.02 percent). On a monthly basis, producer prices went up 0.45 percent, after a 2.22 percent drop in December and marking the first monthly rise in three months. Producer Prices Change in Turkey averaged 37.68 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 24.50 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 15.50 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.