Annual inflation hits 8.8 percent in Turkey

Business Materials 3 July 2012 15:18 (UTC +04:00)

Azerbaijan, Baku, July 3 /Trend A.Taghiyeva/

The Consumer Price Index (CPI) in Turkey increased by 8.8 percent in June 2012 compared to the same month in 2011, the Turkish Statistics Institute's report on its website says on Tuesday.

Inflation hit 0.9 percent in June compared to the previous month.
The highest increase in consumer prices - 1.92 percent - was observed in communication sector in June.

A CPI increase was observed in the entertainment and culture sector at 0.9 percent, in housing at 1.32 percent, in the restaurant and hotel business at 0.49 percent, and in other service sectors at 0.88 percent, in furniture and domestic appliances sale - 0.49 percent, as well as transport - 0.38 percent.

Compared to the same month of 2011, the CPI increased by 18.69 percent in June in the alcoholic beverage and tobacco goods sector, by 14.92 percent - in other service sectors, 10.67 percent - in transport sector, 11.79 percent in food and soft drinks sector, 9.83 percent - sale of furniture and domestic appliances.