Turkish headline inflation accelerated sequentially in the month of September to 0.99 percent. On a year-on-year basis, the consumer price index came in at 9.26 percent, a deceleration from 15.01 percent. The highest monthly rise was seen in housing that recorded a print of 2.15 percent. The indices for clothing and footwear rose 2.13 percent, whereas for miscellaneous goods and services it rose 2.09 percent.
Alcoholic beverages and tobacco saw a print of 1.79 percent and transportation saw a print of 1.61 percent. Meanwhile, the highest monthly fall was seen in food and non-alcoholic beverages, recording 0.60 percent. The indices for recreation and culture dropped, as well for communication.
The highest annual rise was 43.86 percent in alcoholic beverages and tobacco. Health came in at 15.41 percent, miscellaneous goods and services came in at 14.98 percent. Hotels, cafes and restaurants recorded 14.87 percent and education came in at 14 percent.
Commentary
Turkish headline inflation eases year-on-year in September
Turkish headline inflation accelerated sequentially in the month of September to 0.99 percent. On a year-on-year basis, the consumer price index came in at 9.26 percent, a deceleration from 15.01 percent. The highest mon…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
