Turkey's CPI and PPI of October announced

Turkish Statistics Institute (TurkStat) announced Monday that Consumer Price Index (CPI) increased by 1.80% in October 2013 and monthly change in Producer Price Index (PPI) was realised by 0.69% in October 2013. According to the data released by the TurkStat, annual inflation reached 7.71% in CPI and 6.77% in PPI in October. Economists, attending AA Finance's Expectation Survey of Inflation, expected an 1.37 percent increase in CPI for October. Fourteen economists' expectation for inflation rate was 1.70% at maximum and 1.00% at minumum. Meanwhile, Consumer Price Index (CPI) increased by 0.77% and Producer Price Index (PPI) by 0.88% in September, whereas the annual inflation reached 7.88% in CPI and 6.23% in PPI. - Annual inflation in Turkey in October up by 7.71 percent Consumer Price Index (CPI) increased by 1.80% and Producer Price Index (PPI) by 0.69% in October 2013, according to the Turkish Statistics Institute (TurkStat). According to the data released by the TurkStat, annual inflation reached 7.71% in CPI and 6.77% in PPI in October. The indices rose 3.91% for food and non-alcoholic beverages, 1.58% for furnishings and household equipment, 0.94% for hotels, cafes and restaurants, and 0.62% for recreation and culture in October. The highest annual increase was 14.30% in alcoholic beverages and tobacco. Food and non-alcoholic beverages (11.13%), education (10.14%), hotels, cafes and restaurants (9.42%), clothing and footwear (9.12%) were the other main groups where high annual increases were realized. PPI of agriculture increased 4.06% compared to December of the previous year and 0.59% compared with the same month of the previous year. PPI of industry section increased 5.36% compared to December of the previous year, and 8.03% compared to the same month of the previous year. The highest monthly increase was in crude petroleum and natural gas. Monthly PPI increased 1.15% in the index for mining and stone quarrying, and decreased 0.08% in the index for manufacturing. It increased 0.24% in the index for electricity, gas and water. The highest rates of monthly increase in PPI by sub-divisions of industry were the indices for crude petroleum and natural gas production (4.51%), apparel (2.28%), and stone quarrying and other mining (2.20%). On the other hand, indices declined for coal and refined petroleum (-3.92%), publishing and printing (-2.60%), and machinery and equipment (-2.25%). In October 2013, within the average prices of 788 items in the index, the average prices of 178 items remained unchanged while those of 368 items increased and those of 242 items decreased.