According to the figures released by the Turkish Statistical Institute (TUIK), in March this year, Turkish producers’ foreign sales price index (PPI)* in general increased by 7.29 per cent compared to February and was up by 105.82 per cent year on year, while an average rise of 59.47 per cent was registered for the last 12 months.

In March this year, the producers foreign sales prices in the Turkish domestic basic metal industry rose by 9.71 percent on month-on-month basis and grew by 147.57 percent compared to the same month of 2021.

Meanwhile, the average increase in prices in the last 12 months was 92.86 percent.