Turkey: Official inflation rises to 8.87 percent in June

Turkish official inflation rises to 8.87% in June

Turkish inflation on a 12-month comparison rose to 8.87 percent in June, the national statistics institute TUIK said on Tuesday.

Consumer price inflation in June pushed a 12-month inflation average to 8.89 percent, Turkish Statistics Institute said on its website. But on a monthly basis, consumer prices fell by 0.90, TUIK added.

A breakdown by categories showed that alcohol and tobacco prices shot up by 18.69 percent over a year, while the cost of goods and services gained 14.92 percent and household furniture prices were 9.83 percent higher.

Turkey’s central bank forecasts inflation to fall to 5.0 percent in 2012.

03.07.2012
SOURCE: CUMHURIYET EENGLISH