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High costs push up Turkish inflation
Turkish monthly inflation tops 5% after price adjustments
Turkish annual consumer price inflation fell to 42.12% in January, official data showed on Monday, with education, health, housing and restaurant prices leading the rise in the index.
Turkish monthly inflation exceeds 5 per cent after price adjustments
Turkey’s monthly inflation rate climbed more than expected to 5.03 per cent in January due to a minimum wage hike and several new-year price updates, while annual inflation fell to 42.12 per cent, data showed on Monday.
High costs push up Turkish inflation in January
A sharp jump in costs may hinder the Turkish government’s hopes of delivering further interest rate cuts, with inflation in the services sector, housing costs and food combining to pressure the consumer price index.
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