Turkey Inflation Rate At 5-Month High


Consumer prices in Turkey increased 8.09 percent year-on-year in May of 2015, up from 7.91 percent in the previous month as cost of transportation and housing rose at a faster pace.

Transportation costs rose 1.75 percent compared with a decline of 0.52 percent through April. House prices gained 8.32 percent, compared with 8.21 percent through the previous month. Cost of food and non-alcoholic beverages rose 12.81 percent (14.4 percent in April), restaurants and hotels increased 13.44 percent and furnishing, household equipment and routine maintenance grew 7.83 percent.

On a monthly basis, consumer prices rose 0.56 percent, slowing from a 1.63 percent increase in April, the lowest level this year. Cost of food and non-alcoholic beverages fell 2.68 percent and communication decreased 0.16 percent. In contrast, transport prices went up 1.76 percent while clothing and footwear surged 10.06 percent. 

Turkey Inflation Rate At 5-Month High


Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
6/3/2015 10:20:01 AM