The annual producer inflation in Turkey rose to 44.50% in July 2023, the first acceleration in prices after easing for eight consecutive months and up from 40.42% in June. Prices increased faster for three of the four industry sectors: mining & quarrying (57.51% vs 53.61% in June), manufacturing (50.81% vs 42.09%), and water supply (62.64% vs 59.68%). On the other hand, costs declined sharply for electricity, gas, steam & air conditioning (-17.56% vs 3.29%). Monthly, producer prices advanced 8.23%, the largest growth since May 2022. source: Turkish Statistical Institute

Producer Prices Change in Turkey averaged 39.25 percent from 1983 until 2023, reaching an all time high of 157.69 percent in October of 2022 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 August of 2023.

Producer Prices Change in Turkey is expected to be 40.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Producer Prices Change is projected to trend around 7.50 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Turkey Producer Prices Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-05 07:00 AM Jun 40.42% 40.76% 38.6%
2023-08-03 07:00 AM Jul 44.5% 40.42% 48%
2023-09-04 07:00 AM Aug 44.5% 46.2%


Related Last Previous Unit Reference
Inflation Rate 47.83 38.21 percent Jul 2023
Inflation Rate MoM 9.49 3.92 percent Jul 2023
Consumer Price Index CPI 1479.84 1351.59 points Jul 2023
Core Inflation Rate 56.09 47.33 percent Jul 2023
Core Consumer Prices 1174.19 1071.29 points Jul 2023
GDP Deflator 194.20 231.30 points Mar 2023
Producer Prices 2511.75 2320.72 points Jul 2023
Producer Prices Change 44.50 40.42 percent Jul 2023
Export Prices 115.00 114.00 points Jun 2023
Import Prices 128.70 131.30 points Jun 2023
Food Inflation 60.72 53.92 percent Jul 2023
CPI Transportation 1780.80 1512.30 points Jul 2023
CPI Housing Utilities 1222.27 1152.79 points Jul 2023

Turkey Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
44.50 40.42 157.69 -3.75 1983 - 2023 percent Monthly
NSA

News Stream
Turkey Producer Inflation Accelerates in July
The annual producer inflation in Turkey rose to 44.50% in July 2023, the first acceleration in prices after easing for eight consecutive months and up from 40.42% in June. Prices increased faster for three of the four industry sectors: mining & quarrying (57.51% vs 53.61% in June), manufacturing (50.81% vs 42.09%), and water supply (62.64% vs 59.68%). On the other hand, costs declined sharply for electricity, gas, steam & air conditioning (-17.56% vs 3.29%). Monthly, producer prices advanced 8.23%, the largest growth since May 2022.
2023-08-03
Turkey Producer Inflation at Over 2-Year Low
The annual producer inflation in Turkey slowed for the eight month to 40.42% in June 2023 from 40.76% in the previous month, pointing to the lowest reading since May 2021. Prices continued to rise at a softer pace for most industry sectors, namely mining & quarrying (53.61% vs 56.84% in May), manufacturing (42.09% vs 42.34%) and water supply (59.68% vs 66.27%). On the other hand, costs accelerated for electricity, gas, steam & air conditioning (3.29% vs 0.53%). Monthly, producer prices advanced 6.5%, the highest growth since October 2022.
2023-07-05
Turkey Producer Inflation Lowest in 2 Years
The annual producer inflation in Turkey eased further to 40.76% in May 2023, the lowest rate since May 2021 and from 52.11% in the previous month. Prices continued to slow for all industry sectors particularly, electricity, gas, steam & air conditioning (0.53% vs 50.27% in April), mining & quarrying (56.84% vs 63.87%), manufacturing (42.34% vs 48.24%) and water supply (66.27% vs 72.84%). On a monthly basis, producer prices increased 0.65%, following a 0.81% rise in April.
2023-06-05