Turkey Inflation Rate Eases in September
Turkish annual inflation rate eased to 8.86 percent in September of 2014 from 9.54 percent in August, as food prices slowed, and below market forecasts.
Year-on-year, the highest annual increase was recorded for prices of hotels, cafes and restaurants (14.43 percent from 14.73 percent a month ago), followed by food and non-alcoholic beverages (13.95 percent from 14.44 percent), furnishing, household equipment and routine maintenance (9.25 percent from 9.64 percent) and recreation and culture (8.64 percent from 8.95 percent).
On a month-over-month basis, the CPI accelerated to 0.14 percent, compared to a 0.09 percent rise in the previous month. The highest monthly increase was reported for prices of education (1.78 percent), followed by hotels, cafes and restaurant (1.21 percent), miscellaneous goods and services (0.72 percent), housing (0.49 percent) and health (0.42 percent). In contrast, the highest monthly decrease was 2.44 percent in clothing and footwear.
10/3/2014 8:34:33 AM