Producer inflation in Türkiye at lowest level since Dec. 2020

Producer prices up 25.21% year-on-year in February, 2.12% on monthly basis

By Gokhan Ergocun

ISTANBUL (AA) - The producer prices index in Türkiye rose by 25.21% on a yearly basis in February, marking the lowest level seen since December 2020, official figures showed on Monday.

Producer inflation also dropped from 27.2% in January, while in December 2020, it stood at 25.15%, according to data from the Turkish Statistical Office TurkStat.

The highest annual price hikes in February were seen in water supply at 57.58%, metal ores at 51.31%, and beverages at 48.84%.

The lowest rate rises were recorded in coal and refined petroleum products at 1.66%, basic metals at 9.29%, and computer and electronic products at 18.74%.

On a monthly basis, producer prices increased by 2.12%.

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