Turkey: Inflation rises in September
October 5, 2015
In September, consumer prices rose 0.89% over the previous month, which followed August’s 0.40% increase and marked a five-month high. The rise surprised market analysts, who had predicted an increase of 0.80%. According to the statistical office, September’s increase came on the back of higher prices for transportation and miscellaneous goods and services.
Inflation accelerated from August’s 7.1% to 8.0% in September, which marked the highest rate since May. The core inflation index, which excludes more volatile categories such as unprocessed food and energy, increased 0.80% in September (August: +0.37% month-on-month). Core inflation also rose, from 7.6% in August to 8.2% in September, hitting an eight-month high.