Non-domestic producer prices skyrocket in March

The non-domestic producer price index (ND-PPI) jumped 105.82% in March, compared to the same month last year, according to the Turkish Statistical Institute (TurkStat).

The index also rose by 7.29% in March month-over-month and climbed by 59.47% last month on a 12-month rolling average.

For the two main sectors – mining and quarrying, and manufacturing – the ND-PPI surged by 109.63% and 105.74% on an annual basis, respectively.

Monthly, the ND-PPI for those two sectors was up by 8.20% and 7.27%, respectively.

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