Turkey: Inflation hits highest level since August 2019 in December
January 7, 2021
Consumer prices rose 1.25% over the previous month in December, easing from November’s 2.30% increase. The print reflected a steep drop in clothing and footwear prices being offset by marked rises in furnishing and household equipment, transportation, and food and non-alcoholic beverages prices.
Inflation, meanwhile, rose to a 16-month high of 14.6% in December, up from November’s 14.0%. Meanwhile, the trend pointed up, with annual average inflation coming at 12.3% in December, up from November’s 12.0%. Lastly, core inflation jumped to 14.3% in December (November: 13.3%).