Turkish Inflation Rate Falls from 14-Year High



Turkish consumer price inflation eased to 11.92 percent year-on-year in December 2017 from 14-year high of 12.98 percent in the previous month, as prices rose at a softer pace for food, housing, and transportation.

Year-on-year, prices went up at a slower pace for: food and non-alcoholic beverages (13.79 percent from 15.78 percent in November); housing and utilities (9.62 percent from 9.81 percent); transportation (18.24 percent from 18.56 percent); furnishing, household equipment, routine maintenance of the house (12.74 percent from 12.85 percent); miscellaneous goods and services (12.77 percent from 13.39 percent); health (11.90 percent from 12.38 percent); alcoholic beverages and tobacco (2.86 percent from 10.41 percent); recreation and culture (8.38 percent from 9.90 percent); and communication (1.41 percent from 1.44 percent).

Meanwhile, prices rose faster for: hotels, cafes and restaurants (11.47 percent from 11.43 percent in November); clothing and footwear (11.48 percent from 11.30 percent); and education (10.48 percent from 10.46 percent).
 
Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, rose to an all-time high of 12.30 percent in December from 12.08 percent in November.
 
On a monthly basis, consumer prices went up 0.69 percent, easing from a 1.49 percent jump in November and beating market expectations of a 0.5 percent gain. The sharpest increases were recorded for transportation (1.69 percent), food and non-alcoholic beverages (1.52 percent), furnishing, household equipment, routine maintenance of the house (1.18 percent), housing and utilities (0.77 percent), and hotels, cafes and restaurants (0.47 percent).

Turkish Inflation Rate Falls from 14-Year High


Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
1/3/2018 10:07:55 AM