Turkey Inflation Rate Up to 7.3 Percent In January

In January of 2013, there was a rise in CPI over the previous month by 1.65 percent, over December of the previous year by 1.65 percent and over the same month of the previous year by 7.31 percent, according to a release from the Turkish Statistical Institute.

The indices rose for food and non-alcoholic beverages 4.00 percent, for miscellaneous goods and services 1.71 percent, for furnishings and household equipment 1.08 percent, for hotels, cafes and restaurants 0.95 percent, for housing 0.70 percent, for for health 0.50 percent, for transportation 0.50 percent, for recreation and culture 0.24 percent, for education 0.10 percent, while the index declined for communication 0.02 percent, for clothing and footwear 6.95 percent.

The highest annual increase was 15.35 percent in alcoholic beverages and tobacco. Housing (10.69 percent), hotels, cafes and restaurants (9.52 percent), clothing and footwear (9.27 percent) were the other indices where high increases were realised. In January 2013 within average prices of 437 items in the index, average prices of 42 items remained unchanged while average prices of 266 items increased and average prices of 129 items decreased.

Turkstat | Nuno Fontes | nuno@tradingeconomics.com
2/4/2013 8:35:40 AM