Turkish Inflation Rate Continues to Rise in August
Turkish annual inflation rate accelerated to 9.54 percent in August of 2014 from 9.32 percent in July as food prices continued to increase.
The highest annual increase was recorded for prices of hotels, cafes and restaurants (14.73 percent), followed by food and non-alcoholic beverages (14.44 percent), furnishing, household equipment and routine maintenance (9.64 percent), transportation (9.45 percent), health (9.08 percent), recreation and culture (8.95 percent) and clothing and footwear (8.62 percent).
The core inflation increased to 9.87 percent in August of 2014 from 9.75 percent in July.
On a month-over-month basis, the CPI slowed to 0.09 percent, compared to a 0.45 percent rise in the previous month and the same month last year. The highest monthly increase was reported for prices of hotels, cafes and restaurant (1.64 percent), followed by food and non-alcoholic beverages (0.89 percent) and education (0.75 percent), miscellaneous goods and services (0.65 percent) and recreation and culture (0.59 percent). In contrast, the highest monthly decrease was 4.92 percent in clothing and footwear.
9/3/2014 8:34:33 AM