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Turkey Feb. Inflation Eases, Output Price Growth Slows Sharply

Turkey's consumer price inflation slowed more than economists expected in February, data released by the Turkish Statistical Institute showed Monday.

Inflation eased to 10.43 percent in February from 10.61 percent in January, while economists expected inflation to slow to 10.48 percent. Inflation eased in February after accelerating for four months in a row.

Prices of food and non-alcoholic beverages rose 11.17 percent annually, while transportation costs advanced 11.3 percent during the month. There was a 11.79 percent annual growth in prices of furnishings and household equipment during the month.

On a monthly basis, consumer prices moved up 0.56 percent in February, faster than the 0.53 percent growth economists forecast.

Separately, the agency said Turkey's producer price inflation eased sharply to 9.15 percent in February from 11.13 percent in the previous month. Month-on-month, output prices decreased 0.09 percent during the month.

by RTT Staff Writer

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