Turkish Inflation Rate at Nearly 3-Year Low


Consumer prices in Turkey went up by 6.57 percent year-on-year in April of 2016, following a 7.46 percent rise in March and below market expectation of 6.83 percent increase. It is the lowest figure since May 2013 as cost of food increased at a slower pace.

Year-on-year, price of food and non-alcoholic beverages increased at a slower pace 1.38 percent (4.58 percent in March), housing, water, electricity, gas and other fuels went up 6.59 percent (6.63 percent in March); transportation rose 6.41 percent (6.19 percent in March). Cost of furnishings, household equipment, routine maintenance of the house (+10.38 percent); hotels, cafes and restaurants (+11.35 percent); clothing and footwear (+9.32 percent); alcoholic beverages and tobacco (+12.84 percent) and miscellaneous goods and services (+11.25 percent) also rose in March.

Month-on-month, consumer prices increased 0.78 percent compared to a 0.04 percent decrease in the preciding month, mainly due to higher prices of housing and utilities (0.37 percent from 0.16 percent in March) and clothing and footwear(12.6 percent from 0.35 percent).

Turkish Inflation Rate at Nearly 3-Year Low


Mojdeh | mojdeh@tradingeconomics.com
5/3/2016 10:50:52 AM