Average metal prices in Turkey increased by 118.2% in 12 months

According to statistics from the Turkish Statistical Institute (TUIK), in April of this year, the domestic Producer Price Index (PPI) of the Turkish industry in general increased by 7.67% month-on-month and by 121.82% year-on-year, while the average increase was 72.03% for the last 12 months. In April, the domestic Producer Price Index of the base metals industry in Turkey increased by 6.64% month on month and increased by 141.72% compared to the same month in the previous year. Meanwhile, the average increase in the domestic Producer Price Index for the last 12 months was 118.2%. On the other hand, in the given month, the Domestic Producer Price Index for metal products, excluding machinery, increased by 4.09% compared to March and rose by 109.29% year on year. Meanwhile, an average increase of 70.41% was recorded in the PPI for the last 12 months in the respective sector.