Turkish Inflation Eases to 14-Month Low in January


Turkish annual inflation rate eased to 7.24 percent in January of 2015 from 8.17 percent in the previous month. It is the lowest figure since November 2013, as prices of services, food and clothing and footwear slowed while cost of transportation fell.

Year-on-year, the highest annual increases in January were recorded for: hotels, cafes and restaurants (+13.06 percent from +13.98 percent in December); food and non-alcoholic beverages (+10.97 percent from +12.73 percent); miscellaneous goods and services (+9.77 percent from +9.68 percent); clothing and footwear (+9.14 percent from +8.43 percent); furnishing, household equipment (+8.54 percent from 8.06 percent); health (+8.3 percent from 8.62 percent) and housing, water, electricity, gas and other fuels (+7.50 percent from 6.83 percent). In contrast, cost of transportation declined by 0.99 percent from a 2.07 percent increase in the preceding month.

On a monthly basis, consumer prices accelerated 1.10 percent after a 0.44 percent drop in December of 2014. Upward pressures came from alcoholic beverages and tobacco (+4.19 percent), food and non-alcoholic beverages (+3.52 percent), miscellaneous goods and services (+2.52 percent), furnishings and household equipment (+2.01 percent) and recreation and culture (+1.64 percent). In contrast, prices declined for clothing and footwear (-6.98 percent) and transportation (-0.56 percent).

Turkish Inflation Eases to 14-Month Low in January


Turkstat l Rida Husna l rida@tradingeconomics.com
2/3/2015 9:12:14 AM