Turkey April Inflation Rate Picks Up to 4-Month High

Consumer price inflation in Turkey jumped 10.85 percent year-on-year in April of 2018, up from 10.23 percent in March and reaching its highest since December.

Year-on-year, prices advanced faster for: housing & utilities (10.63 percent vs 9.46 percent in March); transport (16.45 percent vs 13.41 percent); furnishing & household appliances (16.75 percent vs 15.41 percent); hotels, cafes & restaurants (11.88 percent vs 11.67 percent); clothing & footwear (12.03 pecent vs 10.74 percent); miscellaneous goods & services (12.03 percent vs 10.87 percent) and recreation & culture (8.18 percent vs 7.14 percent).

Meanwhile, inflation eased for food & non-alcoholic beverages (8.81 percent vs 10.37 percent).

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, climbed to 12.24 percent in April from 11.44 percent in March.

On a monthly basis, consumer prices inched up 1.87 percent in April, up from a 0.99 percent increase in March and above market expectations of a 1.6 percent rise. The highest monthly increase was seen for clothing and footwear (10.40 percent vs 1.05 percent).

Turkey April Inflation Rate Picks Up to 4-Month High

Turkish Statistical Institute l Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/3/2018 7:50:28 AM