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.