Turkey Inflation Rate Eases in October


Consumer prices in Turkey rose 7.58 percent year-on-year in October of 2015, slowing from 7.95 percent in the previous month and below market consensus. A slowdown in cost of food & non-alcoholic beverages and housing & utilities offset an increase in cost of transport and furnishings, household equipment and routine maintenance.

Year-on-year, prices moderated for: food & nin-alcoholic beverages (+8.69 percent in October from  10.73 percent in September) and housing, water, electricity, gas and other fuels (+6.04 percent from 8.28 percent). Prices also slowed for health (+7.11 percent from +7.42 percent) and hotels , cafes and restaurants (+13.77 percent from +13.99 percent). While cost remained steady for alcoholic beverages (+5.67 percent), prices increased for: transport (+4.04 percent from +2.42 percent); clothing & footwear (+5.78 percent from +4.38 percent); furnishing , household equipment and routine maintenance (+10.72 percent from +9.42 percent); communication (+3.18 percent from +2.82 percent); recreation and culture (+10.86 percent from +10.38 percent); education (+6.43 percent from +5.90 percent) and miscellaneous goods and services (+11.57 percent from +11.23 percent).

On a monthly basis, consumer prices increased by 1.55 percent, accelerating from 0.89 percent rise in September. Prices rose for all components except alcoholic beverages & tobacco. Cost of food rose 0.76 percent, followed by clothing & footwear (+11.43 percent); housing, water, electricity, gas and other fuels (+0.81 percent); furnishings, household equipment and routine maintenance (+1.39 percent); health (+0.41 percent); transport (+1.40 percent); communications (+0.25 percent); recreation & culture (+0.47 percent); education (+1.03 percent); hotels, cafes and restaurants (+0.67 percent) and miscellaneous goods and services (+1.05 percent). In contrast, prices of alcoholic beverages and tobacco slightly declined by 0.01 percent.

Turkey Inflation Rate Eases in October


Turkstat | Rida Husna | rida@tradingeconomics.com
11/3/2015 11:40:39 AM