Turkish Inflation Rate Eases to 7-Month Low


Consumer prices in Turkey increased 10.26 percent year-on-year in February 2018, easing from a 10.35 percent gain in the previous month. It was the lowest inflation rate since July, as prices rose at a slower pace for housing and transportation.

Year-on-year, prices went up at a softer pace for: housing and utilities (9.46 percent from 10.18 percent in January); transportation (13.19 percent from 16.02 percent); clothing and footwear (11.77 percent from 12.63 percent); miscellaneous goods and services (10.77 percent from 11.38 percent). In addition, cost fell for communication (-0.13 percent from 0.29 percent).
 
Meanwhile, inflation picked up for: food and non-alcoholic beverages (10.27 percent from 8.76 percent); hotels, cafes and restaurants (11.53 percent from 11.42 percent); recreation and culture (8.24 percent from 7.19 percent); furnishing, household equipment, routine maintenance of the house (15.66 percent from 13.49 percent); health (9.94 percent from 9.51 percent); and education (10.88 percent from 10.68 percent). Alcoholic beverages and tobacco inflation was unchanged at 0.89 percent in February.
 
Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, fell to 11.94 percent in February from 12.18 percent in January.
 
On a monthly basis, consumer prices went up 0.73 percent in February, slowing from a 1.02 percent rise in January but beating market expectations of a 0.5 percent gain. The sharpest price increase was recorded for health (2.57 percent), followed by food and non-alcoholic beverages (2.24 percent), recreation and culture (1.89 percent), furnishing, household equipment, routine maintenance of the house (1.23 percent), and hotels, cafes and restaurants (0.95 percent).

Turkish Inflation Rate Eases to 7-Month Low


Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
3/5/2018 11:39:50 AM