Turkish official inflation rises to 8.87 pct in June

AFP, Tuesday 3 Jul 2012

Prices hikes for alcohol, tobacco and services fuel the overall rise

Turkish inflation on a 12-month comparison rose to 8.87 per cent in June, the national statistics institute TUIK said on Tuesday.

Consumer price inflation in June pushed a 12-month inflation average to 8.89 per cent, Turkish Statistics Institute said on its website.
 
But on a monthly basis, consumer prices fell by 0.90, TUIK added.
 
A breakdown by categories showed that alcohol and tobacco prices shot up by 18.69 per cent over a year, while the cost of goods and services gained 14.92 per cent and household furniture prices were 9.83 per cent higher.
 
Turkey's central bank forecasts inflation to fall to 5.0 per cent in 2012.
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