Turkey Inflation Slows in June



Turkish annual inflation rate decelerated for the first time in seven months to 9.16 percent in June of 2014 from 9.66 percent in the previous month as food prices slowed.

Year-on-year, prices of food and non-alcoholic beverages recorded the highest increase (12.47 percent compared with 14.11 percent in the previous month), followed by transportation (12.01 percent), health (9.48 percent) and education (9.28 percent).

On a monthly basis, consumer prices rose 0.31 percent in June after rising 0.4 percent in the previous month. The highest monthly increase was recorded for education (1.72 percent). Additional upward pressures came from health cost (0.98 percent), hotels, cafes and restaurants (0.92 percent), miscellaneous goods and services (0.70 percent) and transportation (0.50 percent). In contrast, the highest monthly decrease was observed for clothing and footwear (-1.25 percent). 

Turkey Inflation Slows in June


Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
7/3/2014 10:42:31 AM