Turkey  Inflation Falls
Turkey  Inflation Falls

Turkey Inflation Falls

Turkey Inflation Falls

As food prices decreased in June, especially for fruits and vegetables, the consumer price index fell monthly by 0.27%, above market expectations, bringing the annual inflation in Turkey to four-month-low level at 10.9%, according to data released by the Turkish Statistical Institute Monday, Anadolu Agency reported. The inflation data in June is also being used to determine mid-year raise rate for millions of Social Security Institution pensioners. Accordingly, the pensions will receive a raise of 6.89%. The CPI rose by 5.89% compared to December of the previous year and 9.36% on twelve months moving averages basis. The inflation rate also retreated from 11.72% in May. The new data was in parallel with recent Turkish Central Bank expectations which were released upon the institution’s latest Monetary Policy Committee Meeting in June. The highest monthly increase was in education category with 1.05%, followed by hotels, cafes and restaurants with 1.03%, miscellaneous goods and services with 0.52%, furnishing and household equipment with 0.48% and housing with 0.31%.


Short URL : https://goo.gl/EyiUaX
  1. https://goo.gl/Di3SzH
  • https://goo.gl/vE24qQ
  • https://goo.gl/kT5UH6
  • https://goo.gl/aa2nJ7
  • https://goo.gl/xoDXFz

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Add new comment

Read our comment policy before posting your viewpoints