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Turkey's consumer price inflation speeds up to 36.08% y/y in Dec

Turkey's consumer price inflation speeds up to 36.08% y/y in Dec xtock/Shutterstock.com

ANKARA (Turkey), January 5 (SeeNews) - Turkey's consumer price index (CPI) added 36.08% year-on-year in December, after increasing by an annual 21.31% in the previous month, the country's statistical office said.

On a monthly comparison basis, Turkey's consumer prices added 13.58% in December, following a 3.51% increase in November, TurkStat said in a statement.

The annual rise in consumer prices in December was driven by higher prices of transportation services which went up 53.66% on the year. Food and non-alcoholic beverages followed with a price increase of 43.80% year-on-year, whereas prices of household goods grew 40.95%.

Prices of communication services increased the least in the month under review - by an annual 8.76%, TurkStat also said.

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