Turkish Inflation Rate Rises Further in March


Turkey’s annual inflation rate accelerated to 8.39 percent in March of 2014, from 7.89 a year earlier and 7.29 percent recorded in February of 2014, as food and transportation costs edged up. This is the highest rate in eight months.

Upward pressures came from cost of transportation (13.74 percent) followed by hotels, cafes and restaurants (12.51 percent), food and non-alcoholic beverages (10.12 percent), education (9.98 percent), recreation and culture (7.97 percent).

On a month-on-month basis, the CPI increased by 1.13 percent, compared to a 0.43 percent rise in the previous month and 0.66 percent in the same month last year. 

The highest monthly increase was 2.49 percent for prices of clothing and footwear, followed by increases in food and non-alcoholic beverages (2.10 percent), hotels, cafes and restaurants (percent 1.33), miscellaneous goods and services (1.20 percent), furnishings and household equipment (0.90 percent). The only monthly decrease was 0.02 percent in alcoholic beverages and tobacco.

Turkish Inflation Rate Rises Further in March


Turkstat | Isabel Felino | isabel.felino@tradingeconomics.com
4/3/2014 9:43:01 AM