Turkey's annual inflation rate drops to single digit in May

Turkey's annual inflation was 9.1 percent in consumer prices and 9.21 percent in producer prices as of May.

Turkey's annual inflation rate drops to single digit in May

Turkey's annual inflation was 9.1 percent in consumer prices and 9.21 percent in producer prices as of May, dropping to one-digit figures again after April, country's statistics authority said on Thursday.

Turkey's statistical board, TurkStat, said that the annual inflation had risen 5.24 percent in consumer prices while it had fallen 2.46 percent in producer prices in May 2009.

Accordingly, the annual inflation was up 3.86 percent in consumer prices and 11.67 percent in producer prices in April 2010 compared to figures of April 2009.

Moreover, monthly inflation figures based on consumer and producer prices were below market expectations in May 2010, TurkStat said.

There was a 0.36 percent decline in consumer prices and a 1.15 percent decrease in producer prices in May. Earlier, the Central Bank estimated the monthly inflation in consumer prices as 0.61 percent.

In the same period last year, consumer prices were up 0.64 percent and producer prices were down 0.05 percent. Accordingly, monthly inflation rose by 0.28 percent in consumer prices and 1.2 percent in producer prices in May 2010 compared to May 2009.



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Last Mod: 03 Haziran 2010, 13:45
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