According to the statistics released by the Turkish Statistical Institute (TUIK), in December last year the domestic producer price index (PPI) for Turkish industry in general rose by 0.63 percent month on month and by 36.17 percent year on year, while an average rise of 41.10 percent was registered for the latest 12 months.
In the given month, the domestic PPI for Turkey’s basic metal industry was up by 0.18 percent on month-on-month basis and up by 20.20 percent compared to the same month of 2023. Meanwhile, the average increase in the domestic PPI for the latest 12 months was 33.97 percent.
On the other hand, in December the domestic PPI for Turkish manufacture of metal products, except machinery, advanced by 0.79 percent compared to November and by 25.33 percent year on year. Meanwhile, in the sector in question, an average increase of 41.95 percent in the PPI index was registered for the latest 12 months.