Turkish inflation below government’s updated target

January 03 2013 11:34:28

Turkish inflation below government’s updated target

ANKARA - Hürriyet Daily News

Hürriyet photo

Turkey’s inflation in 2012 stood at 6.16 percent, below the government’s 7.4 percent final target updated in November, but still above the initial goal of 5.2 percent.

Production prices, meanwhile, fell 2.45 percent last year.

Food and non-alcohol beverage prices topped Turkey’s inflation rate in December, which reached 6.16 percent.

Communication, restaurant and accommodation prices also contributed.

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