Turkish inflation slower than expected
ANKARA - Hürriyet Daily News
Hürriyet photo
Turkey's inflation for October increased 6.37 percent compared with the same month a year earlier, falling below market expectations.The 12 month inflation rate amounted to 9.26 percent, official data released today by TÜİK showed.
This was in line with the government’s expectation for a slowdown in inflation by the year’s end. However, it is not clear whether this will help the government meet its 2012 target of around 7.4 percent.
The year-on-year figure stood at 7.68 percent in September.
