Turkey Inflation Rate Edges Down To 11.72% In May

Consumer prices in Turkey rose 11.72 percent year-on-year in May of 2017, slightly below an 8-year high of 11.87 percent in the previous month. Prices eased mostly for transport while food inflation was the highest since October of 2010.

Year-on-year, the inflation slowed for transport (15.81 percent from 17.94 percent in April); miscellaneous goods and services (11.6 percent from 13.68 percent); clothing and footwear (3.15 percent from 5.17 percent) and communication (3.72 percent from 4.15 percent),

In contrast, prices rose faster for food and non-alcoholic beverages (16.91 percent from 15.63 percent in April); housing and utilities (7.56 percent from 7.53 percent); hotels, cafes and restaurants (9.68 percent from 9.27 percent); furniture and household equipment (6.7 percent from 5.58 percent); alcoholic beverages and tobacco (21.69 percent from 21.65 percent).

On a monthly basis, consumer prices went up 0.45 percent, following a 1.31 percent jump in April. It is the lowest monthly rate since September last year, mainly due to falls in cost of transportation (-0.73 percent) and food and non-alcoholic beverages (-0.55 percent). In contrast, the highest rises were recorded for recreation and culture (2.42 percent); education (0.9 percent); hotels, cafes and restaurants (0.89 percent) and furnishing and household equipment (0.77 percent). 

Turkey Inflation Rate Edges Down To 11.72% In May

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
6/5/2017 7:37:39 AM