Turkey Inflation Rate Slows in December


Turkish annual inflation rate eased to 8.17 percent in December of 2014 from 9.15 percent in the previous month. It is the lowest figure since March of 2014, due to a slowdown in food cost.

Year-on-year, the highest annual increases were recorded for hotels, cafes and restaurants (+13.98 percent), food and non-alcoholic beverages (+12.73 percent), miscellaneous goods and services (+9.68 percent), health (+8.62 percent) and clothing and footwear (+8.43 percent). Prices of housing, water, electricity and gas rose 6.83 percent.

On a monthly basis, consumer prices fell 0.44 percent after a 0.18 percent rise in November of 2014. Upward pressures came from miscellaneous goods and services (+0.79 percent), hotels, cafes and restaurants (+0.51 percent), housing (+0.13 percent), health (+0.13 percent) and furnishings and household equipment (+0.12 percent). In contrast, cost of clothing and footwear (-3.71 percent) transportation (-1.78 percent) and communications (-0.11 percent) declined.

Turkey Inflation Rate Slows in December


Turkstat l Carolina Cunha l carolina.cunha@tradingeconomics.com
1/5/2015 10:38:01 AM