Turkey Consumer Prices Index soars 6.4% in December

Consumer Prices Index in Turkey surged to 6.4% year-on-year in December, announced TurkStat-Turkey's statistics authority, on Monday.

Turkey Consumer Prices Index soars 6.4% in December

Consumer Prices Index (CPI) in Turkey surged to 6.4% year-on-year in December, announced TurkStat-Turkey's statistics authority, on Monday.

2010 inflation turned out lower than the market expectations or the projections of the Government. The market expectation for annual inflation was around 7% while the Government's annual CPI projection for 2010 in the Medium Term Program was 7.5%.

TurkStat figures showed that the Producer Prices Index (PPI) climbed 8.87% in December. CPI declined 0.30% month on-month while PPI rose 1.31% in December.

Based on monthly averages the CPI rose 8.57% year-on-year while PPI rose 8.52%.

The highest year-on-year surge was 24.66% in the price index for alcoholic beverages and tobacco. "Restaurants and hotel prices" followed with 9.76%, which was followed by price index for "food and non-alchololic beverages" with a surge of 7.02%.

PPI in the agricultural sector rose 14.52% in December. The PPI in in the industry sector rose 7.70% year-on-year.


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Last Mod: 03 Ocak 2011, 13:17
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