Turkish Inflation Rate Drops to Near 3-Year Low


Turkey's annual inflation rate fell to 9.26 percent in September 2019 from 15.01 percent in the previous month. It was the lowest rate since January 2017.

Inflation slowed for: food & non-alcoholic beverages (9.52 percent vs 17.22 percent in August); housing, water, electricity, gas & other fuels (10.34 percent vs 14.02 percent); furnishing, household equipment, routine maintenance of the house (8.66 percent vs 20.13 percent); hotels, cafes & restaurants (14.87 percent vs 18.52 percent); clothing & footwear (2.85 percent vs 4.70 percent); and miscellaneous goods and services (14.98 percent vs 20.98 percent).

In addition, transport prices dropped 0.66 percent, after a 6.72 percent advance in the previous month.

Annual core inflation rate, which excludes energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, eased to 7.54 percent in September from 13.60 percent in August. That was the lowest rate since December 2016.

On a monthly basis, consumer prices went up 0.99 percent, following a 0.86 percent gain in August. The highest monthly price increase was recorded for housing, water, electricity, gas & other fuels (2.15 percent), followed by clothing & footwear (2.13 percent), miscellaneous goods & services (2.09 percent), alcoholic beverages & tobacco (1.79 percent) and transportation (1.61 percent).

Turkish Inflation Rate Drops to Near 3-Year Low


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/3/2019 7:19:44 AM