Turkey: Consumer Price Inflation for January 2013 revealed by TUIK
It was announced by Turkish Statistics Institute on Monday February 4th that the monthly change in Consumer Price Index (CPI) had occurred as 1.65%, in January 2013.
A rise of 1.65 percent was recorded in CPI (2003=100 based) as compared to the previous month, in January 2013 against a market expectation of about 1.1 percent.
This increase is calculated to be 8.62 percent based on 12 months moving averages.
Furthermore it was also recorded that the year-on-year figure has moved up to 7.31 percent.
The highest increase was recorded with 14.26 percent in prices of alcoholic beverages and tobacco products.
It is also claimed that the rise of the inflation was sourced by food prices, which had a positive impact on December inflation, which was 0.38 percent.
Experts have not painted a negative picture as the outlook doesn’t seem critical to force the Central Bank to adjust its strategy because core figures do not look very negative.
It is a known fact Turkey has been doing quite well in recent years in spite of the global crisis and has managed to substantially improve its financial situation.
04.02.2013
SOURCE: TUIK, Editor BTT
