3914
Turkey Inflation at 9%
World Economy

Turkey Inflation at 9%

Inflation rate in Turkey rose above expectations climbing by 1.9% in October to reach 8.96% annually. The Turkish Statistical Institute, known as TurkStat, reported the Consumer Price Index rise on Monday, putting annual inflation slightly above the Central Bank’s year-end forecast of  8.9 and even further beyond the 5% medium-term target, World Bulletin reported. Inflation in Turkey rose slightly last month, from 8.86% in September to 8.96%, mainly because of a rise in housing, food, non-alcoholic beverage and restaurant prices, the country’s statistical authority said. TurkStat said domestic producer prices rose 0.92% in October compared to the previous month and 10.1% year-on-year.

 

Short URL : http://goo.gl/ObG05G

You can also read ...

Innovation, Technology Should Boost Hong Kong Economy
Innovation and technology will become profitable in Hong Kong...
Annual expansion in the second quarter fell to 4.5%.
Malaysia cut its full-year growth forecast and reported much...
Government data shows the number of jobs created in July fell to the lowest levels in over eight years.
South Korea’s ranking officials revealed a disparity in their...
Canada Inflation Surges
Canada’s inflation rate surged to 3% in July, fueled by rising...
As technological progress makes people richer in terms of many basic goods and services, it may be inevitable  that more human activity is devoted to zero-sum competition for available income and assets.
Across the global economy, the potential for automation seems...
Trade War Won’t Dent China GDP
Analysts are trying urgently to evaluate the potential impact...
Italy to Launch New Infrastructure Plan
The government will launch a plan aimed at making Italy’s...
Amazon to Challenge TiVo With Live TV Recorder
Amazon.com Inc. is developing a new device that records live...

Trending

Googleplus