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Financial News: Turkey Inflation Rises In July

Turkey Inflation Rises In July

08/05/2019 - 06:37:00 (RTTNews)

(RTTNews) - Turkey's consumer price inflation rose in July after slowing in the previous month, figures from the Turkish Statistical Institute showed on Monday.

The consumer price index rose 16.6 percent year-on-year in July, after a 15.7 percent increase in June. In May, inflation was 18.7 percent.

On a month-on-month basis, consumer prices rose 1.36 percent in July.

Separate data from the Turkish Statistical Institute showed that the producer price index climbed 21.66 percent in July, following a 25.04 percent in June, marking the lowest level in fourteen months, from 20.16 percent in May.

On a monthly basis, producer prices fell 0.09 percent in June.

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