Turkey: Inflation rises from January's 20-month low
March 3, 2015
In February, consumer prices rose 0.71% over the previous month, which was below January’s 1.10% increase. According to the statistical office, higher prices were recorded for food and non-alcoholic beverages, as well as for transportation. In contrast, lower prices were observed for clothing and footwear.
Annual inflation rose from 7.2% in January to 7.6% in February. January’s print had represented a 20-month low. February’s figure overshot market expectations of 7.4% inflation.
The core inflation index, which excludes more volatile categories such as unprocessed food and energy, increased a weak 0.01% in February (January: +0.63% month-on-month). Annual core inflation inched down from 8.9% in January to 8.1% in February.