Turkish Inflation Rate at 7-Month Low


Consumer prices in Turkey increased by 7.46 percent year-on-year in March of 2016, easing from an 8.78 percent growth in the previous month. It is the lowest figure since August 2015, due to slower rise in cost of food, housing, utilities and transport.


Year-on-year, cost of food and non-alcoholic beverages rose at a slower 4.58 percent (8.83 percent in January); housing, water, electricity, gas and other fuels increased 6.63 percent (7.22 percent in January); transportation went up 6.19 percent (6.32 percent in January). Prices also rose for furnishings, household equipment, routine maintenance of the house (+11.09 percent in January); hotels, cafes and restaurants (+12.26 percent in January); clothing and footwear (+9.03 percent in January); alcoholic beverages and tobacco (+12.79 percent in January) and miscellaneous goods and services (+12.39 percent in January).

Month-on-month, consumer prices edged down by 0.04 percent compared to a 0.02 percent fall in February, due to lower prices of food and non-alcoholic beverages (-1.53 percent), communications (-0.1 percent) and recreation and culture (-0.28 percent), whereas prices of housing and utilities went up by 0.16 percent and cost of transportation rose 0.79 percent.

Turkish Inflation Rate at 7-Month Low


Turkstat | Mojdeh Kazemi | mojdeh@tradingeconomics.com
4/4/2016 9:36:08 AM