ANKARA: Turkey inflation rate increased from 7.24 percent to 7.55 percent in February, the Turkish Statistical Institute (TÜİK) announced. The consumer price index in February increased by 0.71 percent compared with the previous month.
Turkey’s Medium Term Economic Program foresees the end-of-year inflation was also projected to be 6.3 percent in 2015, and it was stated that the government aims at 5 percent inflation in the consecutive years of 2016 and 2017.
The country’s domestic producer price index also increased by 1.20 percent compared with the previous month.
The highest monthly increase was 2.59 percent in food and non-alcoholic beverages. In February 2015, the indices rose for transportation by 1.77 percent, for hotels, cafes and restaurants by 1.06 percent, for communications 0.94 percent and for health 0.82 percent.
The highest monthly decrease was observed at 6.58 percent in clothing and footwear. In February 2015, the indices declined for alcoholic beverages and tobacco by 0.44 and for education by 0.08.
The highest annual increase was 13.70 percent in food and non-alcoholic beverages. Hotels, cafes and restaurants increased by 12.66 percent, miscellaneous goods and services by 9.18 percent, health by 8.29 percent and education by 7.96 percent.
