Turkey's inflation rates increased

Turkey's Consumer Price Index increased by 1.72 percent in January, while the monthly Domestic Producer Price Index rose by 3.32 percent.

Turkey's inflation rates increased
World Bulletin / News Desk

Turkey's Consumer Price Index (CPI) increased by 1.72 percent in January 2014, while the monthly Domestic Producer Price Index (D-PPI) rose by 3.32 percent, Turkish Statistics Institute (TurkStat) announced on Monday. 
 
Annual inflation totaled 7.48 percent in the CPI and 10.72 percent in the D-PPI in January.

In terms of CPI, the highest monthly increase was 5.16 percent in food and non-alcoholic beverages. 

There was a 2.72 percent increase for alcoholic beverages and tobacco, 2.50 percent for transportation, 2.43 percent for miscellaneous goods and services, and 1.86 percent for health.

The highest annual increase was 11.95 percent for transportation, followed by food and non-alcoholic beverages (10.89%), hotels, cafes and restaurants (10.70%), education (10%), furnishings and household equipment (6.44%)

The lowest rates of monthly increase in the D-PPI by the sub divisions of industry were basic pharmaceutical products and pharmaceutical preparations (0.21%), wood and products of wood and cork, except furniture (0.53 percent), and coal and lignite (0.79 percent).

Economists participating in Anadolu Agency's Finance Expectation Survey of Inflation said they expected a 1.59 percent increase in the CPI for January.

Turkey's average year-end inflation is expected to be 7.77 percent.

TurkStat started to use D-PPI for the first time in January.

Domestic Producer Price Index (D-PPI) covers selling prices received by domestic producers in industry. Domestic Producer Price Index will be used instead of previously used Wholesale Price Index (WPI) and PPI, TurkStat said in a statement.
Last Mod: 03 Şubat 2014, 13:01
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