Turkey Inflation Rate Rises Further To 2-Year High


Turkish annual consumer inflation accelerated further to 9.66 percent in May of 2014 from 9.38 percent in the previous month, driven by higher food prices.

The highest annual increase in May of 2014 was 14.11 percent in food and non-alcoholic beverages compared with 13.15 percent in the previous month. Transportation (13.11 percent), hotels, cafes and restaurants (12.88 percent), education (9.57 percent), furnishings and household equipment (8.91 percent) were the other main groups where high annual increases were realized.

On a month-on-month basis, the inflation slowed to 0.4 percent in May of 2014, compared with a 1.34 percent in the previous month. The highest monthly decrease was observed for food and non-alcoholic beverages (-1.35 percent). Prices declined for transportation (-0.50 percent), furnishings and household equipment (-0.16 percent), alcoholic beverages and tobacco (-0.15 percent), and communications (-0.11 percent). In contrast, the highest monthly increase was 9.19 percent for clothing and footwear. Prices rose for hotels, cafes and restaurants 1.11 percent, for education 0.99 percent, for health 0.98 percent, for miscellaneous goods and services 0.49 percent.

Turkey Inflation Rate Rises Further To 2-Year High


Turkstat | Isabel Felino | isabel.felino@tradingeconomics.com
6/3/2014 11:32:30 AM