In November, consumer prices remained broadly flat over the previous month, increasing 0.03% over October. The figure was well below both the 1.83% price rise recorded in October as well as market expectations, which had anticipated consumer prices would rise 1.00% over the previous month. The monthly reading was a result of a sharp increase in prices for clothing and footwear (+3.87% month-on-month), which was offset by a 1.89% decrease in prices for food and non-alcoholic beverages. As a result of the monthly flat reading, annual headline inflation fell from 8.6% in October to 7.3% in November. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, increased 0.80% over the previous month, driving annual core inflation to 5.0%, up from October's 4.8%. The Central Bank forecasts inflation to end this year 7.5%, before declining to 5.4% in 2011 and to 5.1% in 2012.
Inflation drops in November on lower food prices
December 3, 2010
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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.