Turkish Inflation Rate Up to 9-Month High in June


In Turkey, the annual inflation rate accelerated in June to 8.3 percent, from 6.51 percent in May, the highest value in nine months, mainly due to higher prices of food, transportation, housing and alcoholic beverages and tobacco. From May to June, the consumer price index increased 0.76 percent.

On a year-over-year basis, prices of alcoholic beverages and tobacco recorded the highest increase (up by 16.09 percent). Food and non-alcoholic beverages (+12.88 percent), hotels, cafes and restaurants (+8.93 percent), transportation (+7.72 percent) and housing (+6.73 percent) were the other main groups where high increases were realized.

From May to June, the highest increase was 1.99 percent in education. Cost of food and non-alcoholic beverages went up by 1.82 percent, transportation rose 1.49 percent, recreation and culture increased 1.45 percent and prices of hotels, cafes and restaurants grew 0.62 percent. Cost of clothing and footwear recorded the highest monthly decrease (-1.74 percent) and prices of alcoholic beverages and tobacco slightly declined 0.01 percent.

Turkish Inflation Rate Up to 9-Month High in June


Turkish Statistical Institute | Joana Taborda | joana.taborda@tradingeconomics.com
7/3/2013 9:30:39 AM