According to the figures released by the Turkish Statistical Institute (TUIK), in February this year Turkish producers' foreign sales price index (PPI)* in general decreased by 0.85 percent from January and was up 9.6 percent year on year, while an average rise of 10.2 percent was registered for the latest 12 months.
In February this year, the foreign sales prices of producers in the Turkish domestic basic metal industry decreased by 0.24 percent on month-on-month basis and were up 5.9 percent compared to the same month of last year. Meanwhile, the average increase in prices in the latest 12 months was 13.5 percent.
On the other hand, in February of the current year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, decreased by 1.09 percent compared to January and were up 10.8 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 14.3 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.