Turkey Inflation Rate Slows in June


Consumer prices in Turkey increased 7.2 percent year-on-year in June of 2015, down from a 5-month high 8.09 percent in the previous month, as cost of food and transportation rose at a slower pace.

Year-on-year, cost of food and non-alcoholic beverages increased 9.28 percent, following a 12.81 percent growth in May while transportation prices rose 1.23 percent compared with a 1.75 percent rise in the previous month. Additional upward pressure came from: Hotels, cafes and restaurants (+13.62 percent); recreation and culture (+11.13 percent); miscellaneous goods and services (+9.89 percent); food and non-alcoholic beverages (+9.28 percent); and housing (+8.39 percent).

On a monthly basis, consumer prices declined 0.51 percent, the lowest since June 2012, following a 0.56 percent increase in May. Cost of food and non-alcoholic beverages fell 2.79 percent and clothing and footwear decreased 1.32 percent. In contrast, hotels, cafes and restaurants prices went up 1.09 percent and miscellaneous goods and services cost rose 0.79 percent.

Turkey Inflation Rate Slows in June


Turkstat | joana.ferreira@tradingeconomics.com
7/3/2015 8:37:23 AM