Turkish domestic producer prices rise sequentially and year-on-year in March

Turkish domestic producer prices rose sequentially in March. Prices were up 1.58 percent month-on-month. On a year-on-year basis, domestic producer price index rose 29.64 percent.

The domestic producer price for mining and stone quarrying rose 0.91 percent, whereas it rose 1.59 percent for manufacturing. The producer prices rose 1.98 percent for electricity, gas, steam and air conditioning, while it rose 0.20 percent for water supply on a sequential basis.

The highest monthly rise was seen in basic pharmaceutical products and pharmaceutic preparations. For basic pharmaceutical products and pharmaceutic preparations, D-PPI rose 14.05 percent, for coke and refined petroleum products, it rose 7.73 percent. D-PPI rose 3.28 percent for crude petroleum and natural gas products. Meanwhile, the highest rates of monthly decrease in D-PPI by subdivision of industry were coal and lignite by 5.46 percent, for wearing apparel by 1.32 percent, for paper and paper products by 0.92 percent.

The highest monthly rise in main industrial groupings was in energy, according to main industrial groupings classification in March 2019.