Turkish Inflation Rate Down to 7.88% in September

In September of 2013, Turkish inflation rate decelerated to 7.88 percent, from 8.2 percent last month, the lowest rate in four months. A slowdown in housing and food prices was enough to offset a rise in transport costs.

The highest annual increase was 15.69 percent in alcoholic beverages and tobacco. Cost of education  increased 10.14 percent, transportation 9.16 percent, hotels, cafes and restaurants 9.13 percent and food and non-alcoholic beverages went up by 8.73 percent.

In September of 2013, within the average prices of 437 items in the index, average prices of 66 items remained unchanged while average prices of 301 items increased and average prices of 70 items decreased.

Compared to the previous month, prices rose by 0.77 percent. In comparison with December of the previous year, prices increased 5.01 percent, and on twelve months moving average basis, inflation rate stood at 7.32 percent.

Turkish Inflation Rate Down to 7.88% in September

Turkstat | Krisztina Györffy | krisztina@tradingeconomics.com
10/3/2013 11:12:19 AM