CPI Jumps Back Up on Food Prices

TURKEY - Report 04 Jul 2016 by Murat Ucer

Consumer price inflation surprised on the upside this time, coming in at 0.5%, above expectations of a broadly flat reading, which led to a significant jump in the 12-month rate to 7.6% from 6.6%. The full one percentage point increase in the 12-month rate was driven almost entirely by food inflation, which rose at a monthly rate of 1.2%, versus a sharp drop of 2.8% in the same month of last year. Meanwhile, producer prices also edged up modestly in June, albeit from a very low base, suggesting that cost-push inflation pressures remain relatively benign.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.