Turkey: Inflation moderates in February
March 3, 2016
In February, consumer prices fell 0.02% over the previous month, which contrasted January’s strong rise of 1.82%. The print undershot the 0.53% increase that market analysts’ had expected. According to the statistical office, February’s fall came on the back of much lower prices for clothing and footwear and a modest decline in costs for food and non-alcoholic beverages.
Inflation fell from January’s 9.6% to 8.8% in February. The core prices index, which excludes more volatile categories, such as unprocessed food and energy, increased 0.25% in February over the previous month (January: +1.07% month-on-month). Core inflation rose from 9.6% in January to 9.8% in February, hitting an 18-month high.