FOREX TradingCharts.com

Financial News: Turkey Inflation Hits 14-1/2 Year High

Turkey Inflation Hits 14-1/2 Year High

07/03/2018 - 04:43:00 (RTTNews)

(RTTNews) - Turkey's consumer price inflation accelerated to a more than 14-year high in June on weaker currency.

Inflation quickened to 15.39 percent in June from 12.15 percent in May, the Turkish Statistical Institute reported Tuesday.

Economists' had expected the inflation to rise to 13.9 percent.

Moreover, this was the strongest inflation rate since January 2004, when prices had surged 16.22 percent.

Prices of food and non-alcoholic beverages alone grew by 18.89 percent annually in June transport costs jumped by 24.26 percent.

On a monthly basis, consumer prices increased 2.6 percent from May, when it gained by 1.6 percent. The expected increase was 1.3 percent.

The much stronger-than-expected rise in Turkish inflation in June is likely to prompt the central bank to hike interest rates, perhaps by 100 basis point, at its meeting later this month, Jason Tuvey, an economist at Capital Economics, said.

The bank had raised the rate by 125 basis points at the June meeting citing elevated inflation.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand House Prices Rise, Sales Fall In June (35 min(s), 31 sec(s) ago)
(RTTNews) - New Zealand's house prices increased in June from a year ago, while sales declined ...Full Story»

Singapore NODX Rises Less Than Expected In June (01 hr(s), 03 min(s), 31 sec(s) ago)
(RTTNews) - Singapore's non-oil domestic exports increased at a slower-than-expected pace in J ...Full Story»

New Zealand Consumer Prices Rise 0.4% In Q2 (19 min(s), 29 sec(s) ago)
(RTTNews) - Inflation in New Zealand gained 0.4 percent on quarter in the second quarter of 2018, ...Full Story»

BRAZIL: DI Rates Trade Slightly Lower On Domestic Economic Data, USD (58 min(s), 29 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil are trading lower Mon ...Full Story»

New Zealand Inflation Gains 0.4% In Q2 (49 min(s), 29 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 0.4 percent on quarter in the second quarter of ...Full Story»

RBA Minutes On Tap For Tuesday (34 min(s), 29 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

BRAZIL: IMF Slashes Estimate For GDP Growth To 1.8% In 2018, From +2.3% (19 min(s), 29 sec(s) ago)
(RTTNews) - Brazil's gross domestic product (GDP) is expected to grow 1.8% this year, accordin ...Full Story»

BRAZIL: Economic Activity Falls 3.34% On Month In May (09 min(s), 29 sec(s) ago)
(RTTNews) - The Brazilian Central Bank's Economic Activity Index (IBC-Br) fell 3.34% in May ov ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand House Prices Rise, Sales Fall In June

07/17/2018 - 00:50 AM (RTTNews)
(RTTNews) - New Zealand's house prices increased in June from a year ago, while sales declined ...Full Story>>

Singapore NODX Rises Less Than Expected In June

07/17/2018 - 00:22 AM (RTTNews)
(RTTNews) - Singapore's non-oil domestic exports increased at a slower-than-expected pace in J ...Full Story>>

New Zealand Consumer Prices Rise 0.4% In Q2

07/16/2018 - 19:45 PM (RTTNews)
(RTTNews) - Inflation in New Zealand gained 0.4 percent on quarter in the second quarter of 2018, ...Full Story>>

BRAZIL: DI Rates Trade Slightly Lower On Domestic Economic Data, USD

07/16/2018 - 19:24 PM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil are trading lower Mon ...Full Story>>

New Zealand Inflation Gains 0.4% In Q2

07/16/2018 - 19:15 PM (RTTNews)
(RTTNews) - Consumer prices in New Zealand were up 0.4 percent on quarter in the second quarter of ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.