Turkey June Consumer Price Inflation Up, Producer Prices Drop
7/3/2009 10:37 AM ET
(RTTNews) -
Friday, Turkey's statistical office TurkStat announced that the consumer price index or CPI rose 5.73% year-over-year in June, faster than the 5.24% increase in the previous month. Economists were looking for an increase of 5.70%.
On a monthly basis, the CPI increased 0.11% in June, compared to the 0.64% growth in May. Economists had expected an increase of 0.1%.
Separately, the statistical office said producer prices dropped 1.86% year-on-year in June, after falling 2.46% in May. Economists were expecting a decline of 2.6%.
Month-on-month, producer prices rose 0.94% in June, in contrast to a 0.05% fall seen in the preceding month. Economists had predicted an increase of 0.1%.
by RTT Staff Writer
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