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Consumer prices rose by 1.55 pct. in October, annual inflation at 7.58 pct.

Istanbul, Nov 3 () – The consumer price index (CPI) rose by 1.55 percent in October 2015, slightly above the expectation of bank economists, which was around 1.30-1.35 percent. According to data released by Turkstat, a rise in general index was seen...

Consumer prices rose by 1.55 pct. in October, annual inflation at 7.58 pct.

Istanbul, Nov 3 () – The consumer price index (CPI) rose by 1.55 percent in October 2015, slightly above the expectation of bank economists, which was around 1.30-1.35 percent. According to data released by Turkstat, a rise in general index was seen...

03 Kasım 2015 Salı 09:58
Consumer prices rose by 1.55 pct. in October, annual inflation at 7.58 pct.
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Istanbul, Nov 3 () – The consumer price index (CPI) rose by 1.55 percent in October 2015, slightly above the expectation of bank economists, which was around 1.30-1.35 percent.

According to data released by Turkstat, a rise in general index was seen by 7.86 percent in the first 10 months, by 7.58 percent on annual basis and by 7.69 percent on the twelve months moving averages basis, in October 2015.

The highest annual increase in hotels, cafes and restaurants

The highest monthly increase was in clothing and footwear by 11.43 percent, according to Turkstat data.

In October 2015, the indices rose by 1.40 percent for transportation, by 1.39 percent for furnishings and household equipment, by 1.05 percent for miscellaneous goods and services, and by 1.03 percent for education.

The highest annual increase was by 13.77 percent in hotels, cafes and restaurants, according to Turkstat data.

Meanwhile, the other main groups where high annual increases were miscellaneous goods and services with 11.57 percent, recreation and culture with 10.86 percent, furnishings and household equipment with 10.72 percent, food and non-alcoholic beverages with 8.69 percent.

In October 2015 within average prices of 426 items in the index, average prices of 50 items remained unchanged while average prices of 296 items increased and average prices of 80 items decreased.

Domestic producer index falls by 0.20 percent on monthly basis

Accordingly, domestic producer price index fell by 0.20 percent on monthly basis in October.

The index rose by 7.59 percent against December, by 5.74 percent on annual basis, and by 5.58 percent on the twelve months moving averages basis, in October 2015.

Producer prices increased monthly by 1.23 percent in the index for mining and stone quarrying, by 0.83 percent in the index for electricity and gas and by 0.70 percent for water supply. However, the prices decreased by 0.37 percent in the index for manufacturing.

(Graphic)

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