• İstanbul 21 °C
  • Ankara 16 °C

Turkey's inflation rate down in July

Turkey's inflation rate down in July
Annual inflation at 11.76% in July, down from previous month's 12.62%, TurkStat data shows

By Aysu Bicer

ANKARA (AA) - Consumer prices in Turkey went up 11.76% in July versus the same month last year, the country's statistical authority announced Tuesday.

July's annual inflation rate was at 11.76% down from 12.62% in June, Turkish Statistical Institute (TurkStat) data showed.

A group of 15 economists polled by Anadolu Agency on Wednesday predicted annual inflation would drop to 12.03% in July.

The economists also predicted a 0.82% monthly increase in the consumer price index, with estimates ranging between 0.3% at the lowest and 1% at the highest.

The government's year-end inflation target is 8.5% for 2020, as laid out last September in its new economic program.

Meanwhile, Turkey's Central Bank last week revised its year-end inflation forecast to 8.9%, up from 7.4%.

source: News Feed
This news is a total 22 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim