Turkish February CPI comes in at 0.7% m/m

By bne IntelliNews March 3, 2015

Consumer prices rose 0.71% m/m in February, in line with market expectations, bringing the annual rate of inflation to 7.55% from 7.24% in January, data of the statistics office TUIK showed on March 3.

Food prices were up 2.59% m/m, adding 0.67 percentage points to the headline inflation, alcoholic beverages & tobacco prices fell 0.44% m/m shaving 0.02 percentage points. The decline in clothing prices was a sharp 6.58% m/m but transport costs rose 1.77% m/m adding another 0.29 percentage points to the February inflation. Communication prices increased 0.94% m/m, housing costs rose 0.46% m/m, data of TUIK also showed.

The core inflation, measured by the I-index, fell 0.14% m/m in February after rising 0.22% m/m in January. The annual increase in the I-index further eased to 7.73% from 8.63% in January.

TUIK also calculated that domestic producer prices rose 1.20% m/m in February, bringing the annual increase to 3.1% from 3.28% in January when domestic producer prices increased 0.33% m/m.

February CPI by Main Expenditure Groups (%)
  Weights m/m y/y
Headline 100 0.71 7.55
Food and non-alcoholic beverages 24.25 2.59 13.70
Alcoholic beverages and tobacco 4.82 -0.44 3.91
Clothing and footwear 7.38 -6.58 7.40
Housing, utilities 15.79 0.46 7.50
Furnishings, household equipment 7.78 0.23 7.37
Health 2.57 0.82 8.29
Transportation 15.38 1.77 -1.49
Communications 4.38 0.94 3.95
Recreation and culture 3.54 0.58 6.03
Education 2.53 -0.08 7.96
Hotels, cafes and restaurants 6.98 1.06 12.66
Miscellaneous goods and services 4.60 0.59 9.18
Source: tuik      
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Most Read

  1. Siemens considers quitting Russia
    8 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    8 days ago
  3. Nato still has a mixed reception in Emerging Europe
    8 days ago
  4. Wildfires hit Croatia and Montenegro’s Adriatic coast
    4 days ago
  5. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    2 days ago
  1. CHINA RISING: When sleeping giants meet
    11 days ago
  2. Belarus’ retail king Euroopt goes on the road
    16 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    29 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    19 days ago
  5. Siemens considers quitting Russia
    8 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss