The annual producer inflation in Turkey fell to 32.24% in October 2024 from 33.09% in the previous month, reaching its lowest level since March 2021 and marking the fifth consecutive month of moderation. This further slowdown was driven by softer rises in most sectors: mining and quarrying (40.11% vs 43.59% in September), manufacturing (32.85% vs 33.77%), and water supply (43.19% vs 48.7%). Conversely, the cost of electricity, gas, and steam supply increased at a faster rate (20.47% vs 17.01%). On a monthly basis, producer prices rose by 1.29%, the smallest increase since December 2023, following a 1.37% growth in August. source: Turkish Statistical Institute
Producer Prices in Turkey increased 32.24 percent in October of 2024 over the same month in the previous year. Producer Prices Change in Turkey averaged 39.41 percent from 1983 until 2024, 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 November of 2024.
Producer Prices in Turkey increased 32.24 percent in October of 2024 over the same month in the previous year. Producer Prices Change in Turkey is expected to be 28.50 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 11.00 percent in 2025 and 12.00 percent in 2026, according to our econometric models.