ISTANBUL: Turkey concludes 2014 with an inflation of 8.17, better than worries of nearing 9%, however the figure is still well above the 5% targeted by the Central Bank.
Turkey’s future economic outlook has been a subject of concern with slowing economic growth and the devaluing Turkish Lira versus the dollar.
The Central Bank has so far resisted pressure from the government drop interest rates, expressing the need for a more positive outlook on inflation.
The figures released by the Statistics Institute registers a fall in consumer inflation by 0.44% compared to November. Similarly the price on the producer end has fallen 0.76% from month to month yet the increase on an annual basis is 6.36%.
