October Inflation: Broadly As Expected

TURKEY - Report 03 Nov 2014 by Murat Ucer
October CPI inflation came in at 1.9%, broadly as expected, which meant a slight increase in the 12-month rate to 9% from 8.9% in September. There are also no major surprises in terms of sub-components, like the housing category (reflecting energy hikes) and textiles (for seasonal reasons) contributing the most, and food prices making a slightly lower contribution than last year, but coming in broadly in line with seasonal averages.Meanwhile, the 12-month core inflation rate (the I-index) also appears to be easing, thanks to lira weakness getting out of the way (Table 1; Graphs 1-3). In ter...

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.