Turkish inflation figures in January

The increase in consumer prices index in January was below market expectations while the change in producer prices was above estimations, sources said.

Turkish inflation figures in January

Turkish statistics authority, TurkStat, announced on Thursday that consumer prices index (CPI) increased 0.41 percent and the producer prices index (PPI) was up 2.36 percent in January, 2011.

As of January, annual inflation was recorded as 4.9 percent based on CPI and 10.8 percent based on PPI, TurkStat said.

Moreover, annual inflation based on twelve-month averages was recorded as 8.28 percent in CPI and 8.89 in PPI as of January 2011, the authority added.

According to the data provided by TurkStat, annual inflation in PPI returned to last April's two-digit figures in January.

The increase in consumer prices index in January was below market expectations while the change in producer prices was above estimations, sources said.

The highest increase in CPI was recorded in hotels, cafes and restaurants with a rate of 9.38 percent in January, 2011 compared to the same month of 2010.

The highest monthly increase in CPI was recorded in food and non-alcoholic beverages with 1.61 percent, as indices for transportation increased by 1.44 percent, for miscellaneous goods and services by 1.37 percent, for communication by 1.21 percent, for furnishings and household equipment by 1.02 percent, for hotels, cafes and restaurants by 0.76 percent, for housing by 0.58 percent, for health by 0.28 percent, for education by 0.04 percent, while indices for recreation & culture and clothing & footwear dropped by 0.08 percent and 7.76 percent respectively.

The index for alcoholic beverages and tobacco remained the same in January.

In PPI, monthly changes were 2.92 percent in agriculture and 2.25 percent in industry sectors.

The highest monthly increase in the PPI of industrial activities was recorded in crude petroleum and natural gas production with 9.48 percent.

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Last Mod: 03 Şubat 2011, 12:13
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