Turkish Inflation Rate Up to 8.9% in July



In July, Turkey's consumer prices rose 8.9 percent, the highest level since September of 2012, mainly due to higher prices of food, transportation, alcoholic beverages and tobacco. From June to July, the consumer price index increased 0.3 percent.

The biggest upward pressure came from alcoholic beverages and tobacco prices, rising 16 percent yoy. Other major upward pressures came from food and non-alcoholic beverages (12.7 percent), transportation (9.8 percent), hotels, cafes and restaurants (9.0 percent) and housing (7.9 percent).

On a monthly basis, the highest increases were registered in communications 0.9 percent, education 0.8 percent, hotels, cafes and restaurants 0.6 percent and health care 0.5 percent. On the other hand, the indices declined for miscellaneous goods and services 0.3 percent and for alcoholic beverages and tobacco 0.1 percent.

Turkish Inflation Rate Up to 8.9% in July


Turkstat | Nuno Fontes | nuno@tradingeconomics.com
8/5/2013 8:52:43 AM