Turkey Inflation Rate At 11-Month High


Consumer prices in Turkey rose 8.1 percent year-on-year in November of 2015, accelerating from 7.58 percent in the previous month and above market consensus. It was the highest value since December of 2014, pushed up by cost of food & non-alcoholic beverages and housing & utilities.

Year-on-year, prices increased for: food & non-alcoholic beverages (+9.51 percent from +8.69 percent in October); housing, water, electricity, gas and other fuels (+6.39 percent from +6.04 percent); transport (+5.11 percent from +4.04 percent). Prices also accelerated for clothing & footwear (+7.05 percent from +5.78 percent) and health (+7.15 percent from +7.11 percent); while slowed moderately for furnishing, household equipment and routine maintenance (+10.52 percent from +10.72 percent) and hotels, cafes and restaurants (+13.44 percent from 13.77 percent). Also, cost remained steady for alcoholic beverages (+5.67 percent).

On a monthly basis, consumer prices increased by 0.67 percent, following a 1.55 percent rise in October. Prices rose for food 1.00 percent, followed by housing, water, electricity, gas and other fuels (+0.54 percent); furnishings, household equipment and routine maintenance (+0.56 percent); clothing & footwear (+5.37 percent). In contrast transport (-0.78 percent) and recreation & culture prices (-0.54 percent) declined.

Turkey Inflation Rate At 11-Month High


Turkstat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/3/2015 11:26:06 AM