Consumer and producer prices up in Turkey

According to TurkStat's 2003-based annual figures, consumer prices were up 0.73 percent and the rise in producer prices was 1.76 percent month-on-month in August 2011.

Consumer and producer prices up in Turkey

Consumer prices were up 0.73 percent in August as the highest rise was in goods and services, Turkey's statistics authority, TurkStat, said on Monday.

According to TurkStat's 2003-based annual figures, consumer prices were up 0.73 percent and the rise in producer prices was 1.76 percent month-on-month in August 2011.

The annual inflation in the first eight months of 2011 was 3.75 percent. The consumer prices were up 6.65 percent in annual base, but the rise according to 12-month average was 6.24 percent.

Goods and service prices were up the most in August 2011. Inflation in transportation was up 1.90 percent, however it was up 1.38 percent in non-alcoholic beverages and 0.83 percent in house goods, entertainment and cultural events.

Inflation in restaurant and hotel prices was0.64 percent, it was 0.54 percent in dwellings, 0.31 percent in education, 0.06 percent in health, 0.01 percent in alcoholic beverages and tobacco.

Inflation was down 0.09 percent in communication, and 4.35 percent in clothes and shoes.

The highest rise in annual inflation was in goods and services with 18.38 percent in August. Then came transportation with 12.08 percent, house goods with 8.13 percent, restaurant and hotels with 7.98 percent, and clothes and shoes with 7.42 percent.

There was no change in 90 of 445 items in inflation basket in August 2011, however the prices of 245 goods increased and 110 of them decreased.

Moreover, producer prices were up 1.76 percent in August 2011. TurkStat calculated the rise in producer prices in the first eight months of the year as 8.05 percent.

The producer prices, which was up 11 percent year-on-year, rose to 9.76 percent in 12-month average.

Producer index was down 0.76 percent in agriculture, but up 2.24 percent in industry. It rose 2.24 percent in industry.

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Last Mod: 05 Eylül 2011, 11:46
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