Turkey’s consumer price inflation eased in July and producer price inflation increased, figures from the Turkish Statistical Institute showed on Tuesday.
The consumer prices index rose 11.76 percent year-on-year in July, following an 12.62 percent increase in June. Economists had expected a 12.10 percent rise.
Prices for alcoholic beverages and tobacco grew 21.78 percent annually in July. Prices for miscellaneous goods and services, and [health][1] increased by 21.90 percent and 14.17 percent, respectively.
On a monthly basis, consumer prices rose 0.58 percent in July. Economists had expected a 0.9 percent increase.
The producer price index rose 8.33 percent yearly in July, following a 6.17 percent increase in June.
Among the main industrial sectors, prices for durable goods grew 14.54 percent annually in July and prices for capital goods gained 13.5 percent.
Prices for non-durable consumer goods and intermediate goods prices rose by 8.38 percent and 8.47 percent. Energy prices increased 0.65 percent.
On a month-on-month basis, producer prices increased 1.02 percent in July.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][4], [unemployment rate][5], [inflation][6] and much more.
- www.rttnews.com/Content/Health.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx