BİZE ULAŞIN
- Turkey's annual inflation rose to 8.17 percent in 2014, up from 7.40 percent the in 2013, higher than Central Bank's target at 5.0 percent, according to Consumer Price Index data, released by Turkish Statistical Institute (TSI), on Monday.
Consumer prices fell by 0.44 percent in December, supported by 3.71 percent fall in clothing and footwear and 1.78 percent fall at transportation, 0.11 percent fall at for communications, 0.01 percent falls at alcoholic beverages and tobacco and recreation and culture prices.
The highest monthly increase occured in miscellaneous goods and services by 0.79 percent, followed by hotels, cafes and restaurants with 0.51 percent, housing with 0.13 percent, health with 0.13 percent and furnishings and household equipment with 0.12 percent.
ANNUAL CHANGES
The highest annual increase was 13.98 percent in hotels, cafes and restaurants, followed by food and non-alcoholic beverages with 12.73 percent, miscellaneous goods and services with 9.68 percent, health expenditures with 8.62 percent, clothing and footwear with 8.43 percent,
In December 2014 within average prices of 432 items in the index, average prices of 60 items remained unchanged while average prices of 233 items increased and average prices of 139 items decreased.
DOMESTIC PRODUCER PRICES
Domestic producer price index (D-PPI) fell by 0.76 percent on monthly basis and 6.36 percent on annual basis. Monthly D-PPI fell by 1.55 percent in the index for mining and stone quarrying, by 0.52 percent in the index for manufacturing, by 2.92 percent in the index for electricity and gas and increased by 0.17 percent for water supply.
The highest rates of monthly increase in D-PPI by sub divisions of industry were indices for leather and related products with 2.40 percent, for other transport equipment with 2.39 percent, for other manufactured goods with 2.37 percent.
On the other hand the highest rates of monthly decrease in D-PPI by sub divisions of industry were indices for coke and refined petroleum products with 14.89 percent, for crude petroleum and natural gas with 8.65 percent and for electricity, gas, steam and air conditioning with 2.92 percent.
According to main industrial groupings classification in December 2014, the highest rates of monthly increase were in durable consumer goods and the highest rates of annual increase were in undurable consumer goods.
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