Turkey’s consumer price inflation eased at a slower-than-expected pace in December, figures from the Turkish Statistical Institute revealed Wednesday.
Consumer prices climbed 11.92 percent year-over-year in December, slower than the 12.98 percent spike in November, which was the highest inflation since 2003.
Economists had expected the inflation to moderate to 11.85 percent.
Transport costs grew the most by 18.24 percent annually in December, followed by prices of food and non-alcoholic beverages with 13.79 percent rise.
On a monthly basis, consumer prices went up 0.69 percent in December, just above the expected increase of 0.63 percent.
Another report from the statistical office showed that producer price inflation slowed to 15.47 percent in December from 17.30 percent in November. Month-on-month, producer prices rose 1.37 percent.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
