According to the figures released by the Turkish Statistical Institute (TUIK), in January this year Turkish producers' foreign sales price index (PPI)* in general increased by 1.55 percent from December and was up 14.32 percent year on year, while an average rise of 9.25 percent was registered for the latest 12 months.
In January this year, the foreign sales prices of producers in the Turkish domestic basic metal industry increased by 1.6 percent on month-on-month basis and were up 9.42 percent compared to the same month of last year. Meanwhile, the average increase in prices in the latest 12 months was 13.93 percent.
On the other hand, in January of the current year Turkish producers' foreign sales prices for domestic manufactured metal products, except machinery, increased by 0.59 percent compared to December and were up 15.32 percent year on year. Meanwhile, the average increase in prices in the latest 12 months was 13.74 percent.
*Foreign sales price index indicates changes in Turkish producers' prices for other countries.