Turkey's CBank says inflation in food prices slows down

Turkey's Central Bank said the rise in food prices slowed down and the decline in service sector prices continued.

Turkey's CBank says inflation in food prices slows down

 

Turkey's Central Bank said the rise in food prices slowed down and the decline in service sector prices continued, adding that recent indicators were compatible with the mid term targets.

CB in a statement posted in its official website Tuesday, said consumer goods prices declined 0.83% and service sector prices declined 0.2% in June.

Annual inflation in consumer goods declined down to 9.39% and 5.48% in service sector prices.

The annual inflation in food prices declined 1.04% down to 5.62%.

Turkey's statistical board, TurkStat, announced that consumer prices fell by 0.56 percent, and producer prices decreased by 0.5 percent in June.

TurkStat said that the annual inflation as of June was 8.37 percent in consumer prices and 7.64 percent in producer prices.

The annual inflation in energy prices declined down to 12.63%.

According to 12-month averages, the annual inflation was 7.41 percent in consumer prices and 4.3 percent in producer prices.

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Güncelleme Tarihi: 06 Temmuz 2010, 13:48
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