Turkey's domestic producer price inflation accelerated to 11.53 percent year-on-year in August 2020, the highest rate in one year, boosted by cost for manufacturing (12.29 percent), mining and quarrying (13.26 percent) and water supply (11.33 percent). Electricity, gas, steam and air conditioning prices were little-changed (0.14 percent). On a monthly basis, producer prices jumped 2.35 percent, amid a falling lira.
Producer Prices Change in Turkey averaged 36.66 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 September of 2020. source: Turkish Statistical Institute
Producer Prices Change in Turkey is expected to be 12.50 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 7.00 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.