Turkey Inflation Rate at 4-Month Low of 7.3% in September


Consumer prices in Turkey rose 7.3 percent year-on-year in September of 2016, following 8.1 percent increase in August and below market expectations of 7.8 percent. It was the lowest inflation rate since May, as cost of food rose at a slower pace. On a monthly basis, consumer prices went up 0.18 percent.

Year-on-year, prices rose at a slower pace for food and non-alcoholic beverages (+4.16 percent compared to +6.19 percent in August); housing and utilities (+6.64 percent compared to +6.82 percent); clothing and footwear (+7.03 percent compared to +7.84 percent); miscellaneous goods and services (+10.03 percent compared to +11.84 percent); health (+9.65 percent compared to +10.6 percent); hotels, cafes and restaurants (+8.31 percent compared to +8.63 percent); and alcoholic beverages and tobacco (+22.61 percent compared to +23.3 percent). In contrast, inflation accelerated for  transportation (+7.54 percent compared to +6.74 percent); and education (+10.37 percent compared to 9.18 percent).

On a monthly basis, consumer prices rose 0.18 percent, compared to market expectations of a 0.66 percent growth, mainly driven by a 2.7 percent increase in cost of transportation. In contrast, prices of clothing and footwear recorded 3.49 percent drop.

Turkey Inflation Rate at 4-Month Low of 7.3% in September


Turkstat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
10/3/2016 7:36:06 AM