Turkey: Inflation drops to lowest level in over two years in June
July 3, 2015
In June, consumer prices dropped 0.51% over the previous month, which contracted May’s 0.56% increase. According to the statistical office, lower prices were recorded for food and non-alcoholic beverages.
Inflation dropped from May’s 8.1% to 7.2% in June, marking the lowest rate since May 2013. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, increased 0.34% in June (May: +1.56% month-on-month). Core inflation was stable at May’s 7.7%.