Turkey: Inflation rebounds in June
July 4, 2016
In June, consumer prices rose 0.47% over the previous month, which followed May’s 0.58% increase. According to the statistical office, June’s result reflected higher prices for food and non-alcoholic beverages, education, health as well as for transportation.
Inflation in June rose to 7.6% from May’s multi-year low of 6.6%. The print came in above the 6.9% that market analysts had expected and represented the highest reading in four months.
The core prices index, which excludes more volatile categories, such as unprocessed food and energy, increased 0.20% in June over the previous month (May: +1.15% month-on-month). Core inflation fell from May’s 9.1% to 8.9%.