Turkey’s inflation up 0.43% in February

Photo: Turkey’s inflation up 0.43% in February / Turkey

onsumer Price Index (CPI) increased by 0.43 percent in February 2014 compared with January while the Domestic Producer Price Index (D-PPI) rose by 1.38 percent in February 2014, Turkey Statistical Authority said on Monday Anadolu Agency reported

According to report released by Turkish Statistical Institute (TurkStat) , in February, the CPI increased by 7.89 percent compared with same month of last year.

In terms of Domestic Producer Price Index (D-PPI), the index increased by 12.40 percent in February 2014 compared with same month of last year.

In terms of CPI , the highest annual increase was recorded as 12.68 percent in the transportation sector while the highest rates of annual increase in D-PPI was in capital goods with 15.98 percent.

On the other hand, Turkey's February inflation was expected to increase by 0.44 percent, according to a consumer price inflation survey by Anadolu Agency Finance.

In AA's survey, 22 economists estimated that inflation would increase by 0.20 percent to 1.45 percent in February.

According to the AA´s survey, the average year-end inflation was predicted to be 7.96 percent in February, while year-end inflation expectations ranged between 9.45 percent and 6.90 percent.

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Tags: TurkStat