Turkey Inflation Slows
Turkey Inflation Slows

Turkey Inflation Slows

Turkey Inflation Slows

Turkey’s annual consumer inflation slowed for the first time since April as increases in food moderated, Bloomberg reported. The inflation rate dropped to 8.05% in August from 8.79% a month earlier, below the median estimate of 8.4% in a Bloomberg survey. Food prices rose an annual 6.19% through August, compared with 9.69% a month earlier, the state statistics office said in a statement on Monday. An index of core inflation that excludes volatile items such as food prices slowed to 8.41% from 8.7% in July. After delivering its sixth interest rate cut in as many months in August, the Turkish central bank said the core gauge would gradually slow, and that it was seeing signs of a possible slowdown in raw food prices. The lira was little changed after the inflation data, trading 0.2% higher at 2.94 per dollar in Istanbul.


Short URL : http://goo.gl/j5ZF4S
  1. http://goo.gl/lpu0II
  • http://goo.gl/bKdNmj
  • http://goo.gl/FDRNlD
  • http://goo.gl/NM9slS
  • http://goo.gl/PThjff

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...