Turkish March Inflation Rate Lowest in 8 Months

Consumer prices in Turkey rose 10.23 percent year-on-year in March of 2018, easing slightly from a 10.26 percent increase in the prior month. The inflation rate remained at its lowest level since July.

Year-on-year, prices rose less for: furnishing, household equipment, routine maintenance of the house (15.41 percent vs 15.66 percent in February); clothing & footwear (10.74 percent vs 10.77 percent) and recreation & culture (7.14 percent vs 8.24 percent). Meantime, cost went up at the same pace for housing & utilities (9.46 percent) and alcoholic beverages & tobacco (0.9 percent).

In contrast, prices continued to advance for: food & non-alcoholic beverages (10.37 percent vs 10.27 percent); transport (13.41 percent vs 13.19 percent); hotels, cafes & restaurants (11.67 percent vs 11.53 percent) and miscellaneous goods & services (10.87 percent vs 10.77 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, fell to 11.44 percent in March from 11.94 percent in February.

On a monthly basis, consumer prices went up 0.99 percent in March, higher than a 0.73 percent rise in February but below market expectations of a 1 percent gain.

Turkish March Inflation Rate Lowest in 8 Months

Turkish Statistical Institute l Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/3/2018 8:52:30 AM