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Turkey's annual inflation decreases from 8.05 to 7.28 pct in September


Turkey's annual inflation decreases from 8.05 to 7.28 pct in September

Turkey's monthly consumer prices rise by 0.18 percent in September with annual inflation rate decreasing from 8.05 to 7.28 percent.

Prices increased by 4.72 percent since December 2015, while the increase in twelve months moving averages basis was 7.92 percent in September 2016.

The highest monthly increase was in transportation category with 2.70 percent, followed by 1.98 percent with education, 0.67 percent with cafes and restaurants, 0.41 percent with education and 0.28 percent with miscellaneous goods and services.

The highest monthly decrease was in clothing and footwear category with 3.49 percent.

The food and non-alcoholic beverages category, one of the main components of the index and directly effecting consumers, decreased 0.70 percent.

As usual, the highest annual increase was in alcoholic beverages and tobacco category 22.61 percent, followed by education with 10.37 percent, miscellaneous goods and services with 10.03 percent, health with 9.65 percent, and hotels, cafes and restaurants with 8.31 percent.

The average prices of 243 items out of total 417 items of the index increased in September while average prices of 111 items decreased and average prices of 63 items remained unchanged.

 

Source: http://www.dailysabah.com/economy/2016/10/03/turkeys-annual-inflation-decreases-from-805-to-728-pct-in-september

 

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