Turkey: Inflation slows to seven-month low in March
April 4, 2016
In March, consumer prices fell 0.04% over the previous month, which followed February’s drop of 0.02%. According to the statistical office, March’s decline came on the back of much lower prices for food and non-alcoholic beverages, recreation and culture as well as for communication.
Inflation fell from February’s 8.8% to 7.5% in March. The print undershot the 8.1% that market analysts’ had expected and represented a seven-month low. The core prices index, which excludes more volatile categories, such as unprocessed food and energy, increased 0.44% in March over the previous month (February: +0.25% month-on-month). Core inflation inched down from January’s 18-month high of 9.8%% to 9.7%.