Turkish minister says inflation will be one-digit figure in 2010

Turkey's industry & trade minister said that no major change was expected in inflation targets.

Turkish minister says inflation will be one-digit figure in 2010

 

Turkey's industry & trade minister said on Monday that no major change was expected in inflation targets.

Replying to questions on the declining inflation figures made public on Monday by Turkey's statistics authority, TurkStat, Turkish Industry & Trade Minister Nihat Ergun said a nearly 0.5 percent decrease had been expected in consumer and producer prices, adding today's figures were in accordance with the expectations.

"This shows us that the inflation rate will continue to be a one-digit figure throughout the year. Therefore, we do not expect a major change in inflation targets," Ergun said.

Upon a question on the inflation rise to be reflected in wages of civil servants, Ergun said the government would fulfill its commitments on such issue.

"Necessary steps will be taken in order to prevent civil servants' wages from decreasing significantly due to inflation rates," Ergun said.

Turkey's statistical board, TurkStat, announced on Monday that Turkey's annual inflation rose by 8.37 percent in consumer prices and by 7.64 percent in producer prices as of June 2010.

The monthly inflation fell by 0.56 percent in consumer prices and by 0.5 percent in producer prices in June, TurkStat also said.

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Güncelleme Tarihi: 05 Temmuz 2010, 13:13
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