Economy, News

Turkey's annual inflation rate decreases to 6.81 percent

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Turkey’s annual inflation rate decreased to 6.81 percent, and prices rose by 0.09 percent in July, according to the data released by Turkish Statistical Institute (TurkStat)

Consumer price index rate fell below 7 percent for the first time in 26 months. Domestic producer price index fell by 0.32 percent in June and announced as 5.62 percent in annual basis.

In June, annual and monthly inflation rates were respectively 7.2 and 0.51 percent.

The highest monthly increase in July was 1.60 percent in furnishings and household equipment category.

The consumer price indices rose for hotels, cafes and restaurants 1.21 percent, for alcoholic beverages and tobacco 1.16 percent, for education 0.51 percent and for transportation 0.41 percent.

The highest monthly decrease was observed by 4.97 percent in clothing and footwear category.

The highest annual increase was announced with a 13.8 percent increase in hotels, cafes and restaurants category.

Miscellaneous goods and services with 9.31 percent, food and non-alcoholic beverages with 9.25 percent, furnishings and household equipment with 8.69 percent, and housing with 8.15 percent were the other main groups where high annual increases were realized.

Resource: Daily Sabah, August 03, 2015

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