Turkish Inflation Rate Rises in October


Turkish annual inflation rate accelerated to 8.96 percent in October of 2014 from 8.86 percent in September, as prices of food and cost of hotel, cafes and restaurants continued to rise. 

Year-on-year, the highest annual increase was recorded for prices of hotels, cafes and restaurants (+14.34 percent), followed by food and non-alcoholic beverages (+12.56 percent), health (+9.91 percent), miscellaneous goods and services (+9.14 percent) and clothing and footwear (+8.83 percent).

On a month-over-month basis, the CPI increased sharply to 1.90 percent, the highest since January of 2014, following a 0.14 percent rise in the previous month. The highest monthly increase was reported for prices of clothing and footwear (+9.95 percent); housing (+2.94 percent); food and non-alcoholic beverages (+2.65 percent); hotel, cafes and restaurants (+0.86 percent) and miscellaneous goods and services (+0.74 percent). 

Turkish Inflation Rate Rises in October


Turkstat l Rida l rida@tradingeconomics.com
11/3/2014 10:18:29 AM