Turkish Inflation Rate At Near 8-1/2 Year High In March
Consumer prices in Turkey increased by 11.29 percent year-on-year in March of 2017, following a 10.13 percent rise in the previous month. It was the highest inflation since October 2008, as cost of food and housing went up at a faster pace.
4/3/2017 7:59:31 AM
Year-on-year, prices rose at a faster pace for: food and non-alcoholic beverages (12.53 percent from 8.72 percent in February), housing and utilities (7.71 percent from 7.42 percent).
Additional upward pressure came from: transportation (17.69 percent from 17.96 percent), hotels, cafes and restaurants (8.71 percent from 8.66 percent); furnishing, household equipment, routine maintenance of the house (5.33 percent from 4.93 percent), health (13.28 percent from 12.53 percent), clothing and footwear (8.52 percent from 6.77 percent). communication (4.47 from 4.36 percent), recreation and culture ( 9.30 percent from 7.32 percent), education ( 9.84 percent from 9.33 percent), micellaneous goods and services (12.51 percent from 12.82 percent), and alcoholic beverages and tobacco (21.71 from 21.72 percent)
On a monthly basis, consumer prices went up 1.02 percent, compared to a 0.81 percent rise a month earlier and above market expectations of a 0.60 percent rise.