In February, consumer prices rose 0.56% over the previous month. The figure mirrored the 0.56% increase recorded in January and came in line with market expectations. Despite the monthly rise, annual inflation moderated for the first time in five months, stepping down from 10.6% in January to 10.4%. The monthly increase mainly reflected higher prices for food and non-alcoholic beverages, which more than offset a sharp drop in clothing and footwear prices. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, remained flat over the previous month. Annual core inflation fell from 9.9% in January to 9.6% in February. The Central Bank of Turkey (CBRT) sees inflation ending the year at 6.5%. The official inflation target, however, remains at 5.0% for 2012 and 2013.
Inflation eases in February
March 6, 2012
Looking for forecasts related to Inflation in Turkey? Download a sample report now.
Turkey Economic News
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.