Turkish Inflation Rate Decelerates Further to 7.3% in November


In November, Turkey's consumer price index rose by 7.3 percent, down from 7.9 percent a month earlier. A slowdown in the rise of food and communication prices was able to offset rising imports costs driven by a weakening lira.

The highest annual increase was registered in alcoholic beverages and tobacco costs (+13.6 percent). Education (10 percent), hotels, cafes and restaurants (9.1 percent) and transportation (8.6 percent) were the other main groups where high increases were registered. Food prices rose 8 percent, down from 9.8 percent in October.

In November, within average prices of 437 items in the index, average prices of 53 items remained unchanged while average prices of 291 items increased and average prices of 93 items decreased.

Compared to the previous month, prices rose slightly by 0.01 percent. Compared to December of the previous year the inflation rate stood at 6.9 percent and on the twelve months moving average basis prices were up by 7.39 percent.

Turkish Inflation Rate Decelerates Further to 7.3% in November


Turkstat | Nuno Fontes | nuno@tradingeconomics.com
12/3/2013 8:54:37 AM