Turkey Inflation Rate At 31-Month Low in July


Consumer prices in Turkey increased 6.81 percent year-on-year in July of 2015, down from 7.20 percent in the previous month, as cost of food, housing and transportation rose at a slower pace. It was the lowest figure since January of 2013.

Year-on-year, cost of food and non-alcoholic beverages increased by 9.25 percent, following a 9.28 percent growth in June; housing and utilities prices went up 8.15 percent, compared to a 8.39 growth in the previous month; and transportation cost rose 0.92 percent, compared to a 1.23 percent growth in the previous month. Additional upward pressure came from: Hotels, cafes and restaurants (+13.80 percent); miscellaneous goods and services (+9.31 percent); furnishings and household equipment (+8.69 percent); recreation and culture (+7.72 percent); health (+6.49 percent); and education (+6.15 percent).

On a monthly basis, consumer prices increased 0.09 percent, following a 0.51 percent decline in June. Higher prices of furnishings and household equipment (+1.60 percent); hotels, cafes and restaurants (+1.21 percent); and alcoholic beverages and tobacco (+1.16 percent) led the growth. In contrast, clothing and footwear prices declined the most by 4.97 percent.

Turkey Inflation Rate At 31-Month Low in July


Turkstat | joana.ferreira@tradingeconomics.com
8/3/2015 8:37:38 AM