FOREX TradingCharts.com

Financial News: Turkey Consumer Price Inflation, Producer Prices Rise In

Turkey Consumer Price Inflation, Producer Prices Rise In October

11/03/2020 - 06:05:00 (RTTNews)

(RTTNews) - Turkey's consumer price inflation and producer price growth rose in October, figures from the Turkish Statistical Institute showed on Tuesday.

The consumer prices index rose 11.89 percent year-on-year in October, after an 11.75 percent increase in September. Economists had expected an 11.90 percent rise.

Inflation is likely to rise further over the coming months, Jason Tuvey, an economist at Capital Economics, said.

Rising inflation combined with the recent sharp falls in the lira, means that the central bank's focus will remain on monetary tightening, the economist added.

On a monthly basis, consumer prices rose 2.13 percent in August. Economists had expected a 2.1 percent increase.

The producer price index rose 18.2 percent yearly in October, following a 14.33 percent increase in September.

Among the main industrial sectors, prices for capital goods grew 24.41 percent annually in October and prices for intermediate goods gained 23.41 percent.

Prices for durable goods and non-durable consumer goods prices rose by 23.39 percent and 15.35 percent, respectively.

Meanwhile, energy prices decreased 2.88 percent.

On a month-on-month basis, producer prices increased 3.55 percent in October.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Data On Tap For Thursday (17 min(s), 37 sec(s) ago)
(RTTNews) - Australia is scheduled to release a batch of data on Thursday, setting the pace for a ...Full Story»

Most Fed Districts Characterize U.S. Economic Growth As Modest Or Moderate (02 hr(s), 27 min(s), 37 sec(s) ago)
(RTTNews) - Economic growth in the U.S. has been characterized as modest or moderate by most Feder ...Full Story»

U.S. Private Sector Job Growth Misses Estimates In November (07 hr(s), 53 min(s), 37 sec(s) ago)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story»

U.S. Private Sector Employment Rises Less Than Expected In November (08 hr(s), 25 min(s), 37 sec(s) ago)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story»

Eurozone Unemployment Rate Continues To Fall (09 hr(s), 16 min(s), 37 sec(s) ago)
(RTTNews) - The euro area unemployment rate continued to fall in October with the gradual relaxati ...Full Story»

Ireland Jobless Rate Rises In November (09 hr(s), 39 min(s), 37 sec(s) ago)
(RTTNews) - Ireland's jobless rate rises in November, figures from the Central Statistics Offi ...Full Story»

Portugal Industrial Production Growth Slows (09 hr(s), 52 min(s), 37 sec(s) ago)
(RTTNews) - Portugal's industrial production grew at a softer pace in October, figures from St ...Full Story»

Italy Jobless Rate Rises In October (10 hr(s), 05 min(s), 37 sec(s) ago)
(RTTNews) - Italy's jobless rate rose in October, data from the statistical office ISTAT showe ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Data On Tap For Thursday

12/02/2020 - 16:30 PM (RTTNews)
(RTTNews) - Australia is scheduled to release a batch of data on Thursday, setting the pace for a ...Full Story>>

Most Fed Districts Characterize U.S. Economic Growth As Modest Or Moderate

12/02/2020 - 14:20 PM (RTTNews)
(RTTNews) - Economic growth in the U.S. has been characterized as modest or moderate by most Feder ...Full Story>>

U.S. Private Sector Job Growth Misses Estimates In November

12/02/2020 - 08:54 AM (RTTNews)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story>>

U.S. Private Sector Employment Rises Less Than Expected In November

12/02/2020 - 08:22 AM (RTTNews)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story>>

Eurozone Unemployment Rate Continues To Fall

12/02/2020 - 07:31 AM (RTTNews)
(RTTNews) - The euro area unemployment rate continued to fall in October with the gradual relaxati ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.