Turkey: Inflation slips to 8.55% in October

ISTANBUL 

Turkey saw an annual hike of 8.55% in consumer prices in October, official figures showed on Monday.

The annual inflation went down 0.71 percentage points in October, down from 9.26% in September, Turkish Statistical Institute (TurkStat) said.

TurkStat said the highest annual price rise was recorded in alcoholic beverages and tobacco with 43.60% in the last month.

“Health with 14.24%, education with 14.20%, hotels, cafes and restaurants with 13.71% and miscellaneous goods and services with 13.43% were the other main groups where high annual increases realized,” it said.

Last week, an Anadolu Agency survey indicated that a group of 14 economists had expected an average annual climb of 8.41% in consumer prices in October.
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

AdvertisementThe new Emirates Premium Economy has arrived on the latest Emirates A380 Emirates Get the best value from your summer holiday with exclusive offers and discounts across Dubai and the UAE with Emirates Pass

What do you think?