Turkish Inflation Accelerates More Than Expected In April
Friday, 04 May 2012 | 00:00
Turkey's inflation accelerated more than expected in April, data from the Turkish Statistical Institute showed Thursday.
The consumer price index rose 11.14 percent year-on-year in April compared to 10.43 percent rise in March. Economists had forecast prices to rise 10.97 percent.
Prices of alcoholic beverages and tobacco jumped 18.53 percent from a year earlier, while there was a 13.11 percent rise in housing costs.
Clothing and footwear prices went up by 11.66 percent and prices of food and non-alcoholic beverages were 11.65 percent higher than last year.
Month-on-month, the CPI rose 1.52 percent. Economists were looking for a 1.36 percent rise.
Separately, the statistical office reported that the producer price index rose 7.65 percent year-on-year in April, slower than the 8.22 percent increase in the preceding month. Month-on-month, the index edged up 0.08 percent.
Source: RTT News
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