Turkey's annual inflation hit 9.19 pc in September

TurkStat announced that consumer and producer prices jumped by 1.03 percent in September over the preceding month.

Turkey's annual inflation hit 9.19 pc in September

World Bulletin / News Desk 

Turkey's annualized inflation of consumer prices increased to 9.19 percent with the latest hikes in fuel prices, foods and alcoholic beverages, data released by the Turkish Statistics Institute (TurkStat) have shown.

TurkStat announced on Wednesday that consumer and producer prices jumped by 1.03 percent in September over the preceding month.

The greatest increase in consumer prices on a 12-month-basis was experienced in alcohol and tobacco products at 18.88 percent. It was followed by houses with a 12.05 percent increase and restaurants and hotels at 9.74 percent.

Data released by TurkStat also reveals that the index for miscellaneous goods and services recorded the highest increase at 2.26 percent, compared with the previous month. It was followed by other indices where increases were experienced in areas such as food and non-alcoholic beverages (2.14 percent), transportation (1.5 percent), alcoholic beverages and tobacco (0.29 percent), houses (0.82) and furnishings and household equipment (0.24 percent).

On the other hand clothing and shoes saw a price reduction of 2.62 percent with the health sector down by 1.19 percent.

When looking at month-on-month consumer price index (CPI) data, the data showed that the highest increase in producer prices was witnessed in crude oil and natural gas with 7.44 percent. This was followed by extractive industries (2.35 percent) and the manufacturing industry (2.03 percent).

The product that saw the highest price increase -- also referred to as the inflation champion -- was aubergines with a 33.49 percent hike in September. Aubergines were followed by eggs, which experienced a 29.34 percent increase in price.

The product that saw the greatest decrease, on the other hand, was fish with a 19.47 percent drop.

Güncelleme Tarihi: 03 Ekim 2012, 16:25
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