According to the statistics released by the Turkish Statistical Institute (TUIK), in June this year the domestic producer price index (PPI) for Turkish industry in general increased by 0.69 percent month on month and by 6.17 percent year on year, while an average rise of 7.74 percent was registered for the latest 12 months.
In June, the domestic PPI for Turkey’s basic metal industry was down by 1.02 percent on month-on-month basis and rose by 3.08 percent compared to the same month of the previous year. Meanwhile, the average decrease in the domestic PPI for the latest 12 months was two percent.
On the other hand, in the given month the domestic PPI for Turkish manufacture of metal products, except machinery, advanced by 0.20 percent compared to May and was up 8.11 percent year on year. Meanwhile, in the sector in question, an average increase of 6.44 percent in the PPI index was registered for the latest 12 months.