Turkey Inflation


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.

FocusEconomics panelists expect inflation to close 2015 at 7.8%, which is unchanged from last month’s forecast. For 2016, the panel sees inflation moderating to 7.1% by year-end.

Author: Angela Bouzanis, Senior Economist

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Turkey Inflation Chart

Turkey Inflation September 2015

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Turkish Statistical Institute (TurkStat).

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