Turkey: Inflation eases in September
October 3, 2016
In September, consumer prices increased 0.18% over the previous month. The print contrasted the 0.29% drop in August, which had marked the first decrease since June 2015. September’s increase reflected higher prices for clothing and footwear, according to the statistical office.
Inflation slowed from August’s 8.1% to 7.3% in September, hitting the lowest reading in four months. The print came in below the 7.8% that market analysts had expected.
The core prices index, which excludes more volatile categories such as unprocessed food and energy, increased 0.14% in September over the previous month (August: +0.28% month-on-month). Core inflation inched down from August’s 9.4% to 8.7% in September.
Author: Dirina Mançellari, Senior Economist