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Turkey Mar. CPI Inflation Steadies, Output Price Inflation Eases To 11-Month Low

4/3/2012 3:18 AM ET

Turkey's annual inflation remained unchanged in March, after slowing in the previous month, data released by the Turkish Statistical Institute showed Tuesday.

The consumer price inflation remained unchanged at 10.43 percent in March. Economists were looking for an inflation rate of 10.6 percent. In January, the inflation rate was 10.61 percent. Prices of alcoholic beverages and tobacco climbed 18.47 percent annually, while prices of furnishings and household equipment advanced 11.76 percent. There was an 11.25 percent annual growth in food and non-alcoholic beverages prices, and a 10.84 percent rise in transportation costs during the month.

On a monthly basis, consumer prices moved up 0.41 percent in March, while economists expected the monthly growth to be 0.59 percent.

Separately, the agency said Turkey's producer price inflation slowed to an eleven-month low of 8.22 percent in March from 9.15 percent in February. The latest figure was the lowest since April 2011, when output prices rose 8.21 percent.

Month-on-month, output prices moved up 0.36 percent during the month, slower than the 0.68 percent growth economists forecast.

by RTT Staff Writer

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