Turkey’s Consumer Price Index (CPI) rises by 0.14 percent in September

Turkey’s Consumer Price Index (CPI) rose by 0.14 percent in September, while 9-month increase stood at 6.43 percent and annual increase at 8.86 percent, according the Consumer Price Index September 2014 data, released by Turkish Statistical Institute (TSI) on Friday.
The highest monthly increase was at 1.78 percent in education in September, followed by hotels, cafes and restaurants with 1.21 percent, miscellaneous goods and services with 0.72 percent, housing with 0.49 percent and health with 0.42 percent.

On the other hand, the highest monthly fall was at clothing and footwear with 2.44 percent, due to seasonal sale campaignes carried out by the stores. In September, the indices fell for alcoholic beverages and tobacco by 1.12 percent, for communications by 0.05 percent.

The highest annual increase was 14.43 percent in hotels, cafes and restaurants, followed by food and non-alcoholic beverages with 13.95 percent, health with 9.37 percent, furnishings and household equipment with 9.25 percent, recreation and culture with 8.64 percent were the other main groups where high annual increases were realized.

In September 2014 within average prices of 432 items in the index, average prices of 64 items remained unchanged while average prices of 274 items increased and average prices of 94 items decreased.

An increase in general index was realised in the domestic producer price index (D-PPI) on the previous month basis by 0.85 percent, on December of the previous year basis by 7.24 percent, on same month of the previous year by 9.84 in September.

D-PPI monthly fell by 0.22 percent in the index for mining and stone quarrying, rose by 0.90 percent in the index for manufacturing, rose by 0.94 percent in the index for electricity and gas and increased by 0.16 percent for water supply.

The highest rates of monthly increase in D-PPI by sub divisions of industry were indices for food products by 2.76 percent, for leather and related products by 2.39 percent, for wearing apparel by 1.57 percent.

On the other hand the highest rates of monthly D-PPI by sub divisions of industry were indices for tobacco products fell by 4.17 percent, crude petroleum and natural gas by 2.96 percent and other manufactured goods by 2.46 percent.

SOURCE: MEDIA