Annual producer price inflation in Turkey rose to 18.20 percent in October of 2020 from 14.33 percent in September, reaching its highest level since July of 2019. Main upward pressure came from prices of manufacturing (19.81 percent vs 15.52 percent), mining & quarrying (17.01 percent vs 16.87 percent) and water supply (12.49 percent vs 13.25 percent). Also, cost fell less for electricity, gas, steam and air conditioning (-1.62 percent vs -2.62 percent). On a monthly basis, producer prices inched up 3.55 percent, after rising 2.65 percent, as the lira continued to depreciate. source: Turkish Statistical Institute
Producer Prices Change in Turkey averaged 36.57 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 December of 2020.
Producer Prices Change in Turkey is expected to be 8.10 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 7.40 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.