Turkey Inflation Rate Highest Since May 2014

[senheiser]

Turkey Inflation Rate Highest Since May 2014


Consumer prices in Turkey increased by 9.58 percent year-on-year in January of 2016, accelerating from 8.81 percent in the previous month and beating market consensus. It was the highest value since May of 2014, as cost of food, housing and transportation rose at a faster pace.

Year-on-year, cost of food and non-alcoholic beverages went up by 11.69 percent compared to a 10.87 percent increase in December; prices of housing, water, electricity, gas and other fuels grew by 7.33 percent, accelerating from a 6.71 percent rise in the previous month; and transport prices increased by 7.37 percent following a 6.40 percent growth. Additional upward pressure came from: hotels, cafes and restaurants (+13.43 percent), miscellaneous goods and services (+11.21 percent), alcoholic beverages and tobacco (+11.17 percent), furnishings, household equipment, routine maintenance of the house (+10.75 percent); and clothing and footwear (+9.31 percent).
On a monthly basis, coonsumer prices jumped 1.82 percent compared to a 0.21 percent growth in December, boosted by higher cost of food and non-alcoholic beverages (+4.28 percent), alcoholic beverages and tobacco (+9.60 percent), miscellaneous goods and services (+2.71 percent), recreation and culture (+2.09 percent) and health (+2.42 percent). In contrast, prices of clothing and footwear dropped sharply by 6.71 percent

 

[Lure]

Turkey Inflation Rate Highest Since May 2014


Consumer prices in Turkey increased by 9.58 percent year-on-year in January of 2016, accelerating from 8.81 percent in the previous month and beating market consensus. It was the highest value since May of 2014, as cost of food, housing and transportation rose at a faster pace.

Year-on-year, cost of food and non-alcoholic beverages went up by 11.69 percent compared to a 10.87 percent increase in December; prices of housing, water, electricity, gas and other fuels grew by 7.33 percent, accelerating from a 6.71 percent rise in the previous month; and transport prices increased by 7.37 percent following a 6.40 percent growth. Additional upward pressure came from: hotels, cafes and restaurants (+13.43 percent), miscellaneous goods and services (+11.21 percent), alcoholic beverages and tobacco (+11.17 percent), furnishings, household equipment, routine maintenance of the house (+10.75 percent); and clothing and footwear (+9.31 percent).
On a monthly basis, coonsumer prices jumped 1.82 percent compared to a 0.21 percent growth in December, boosted by higher cost of food and non-alcoholic beverages (+4.28 percent), alcoholic beverages and tobacco (+9.60 percent), miscellaneous goods and services (+2.71 percent), recreation and culture (+2.09 percent) and health (+2.42 percent). In contrast, prices of clothing and footwear dropped sharply by 6.71 percent

Instead of forming a strong economic foundation, our government is seeing wet Ottoman dreams. Russia also took a hard slam because of western sanctions. But at least you guys took Crimea in return. What did we get? A huge nothing.

 

[-SINAN-]

Turkey Inflation Rate Highest Since May 2014


Consumer prices in Turkey increased by 9.58 percent year-on-year in January of 2016, accelerating from 8.81 percent in the previous month and beating market consensus. It was the highest value since May of 2014, as cost of food, housing and transportation rose at a faster pace.

Year-on-year, cost of food and non-alcoholic beverages went up by 11.69 percent compared to a 10.87 percent increase in December; prices of housing, water, electricity, gas and other fuels grew by 7.33 percent, accelerating from a 6.71 percent rise in the previous month; and transport prices increased by 7.37 percent following a 6.40 percent growth. Additional upward pressure came from: hotels, cafes and restaurants (+13.43 percent), miscellaneous goods and services (+11.21 percent), alcoholic beverages and tobacco (+11.17 percent), furnishings, household equipment, routine maintenance of the house (+10.75 percent); and clothing and footwear (+9.31 percent).
On a monthly basis, coonsumer prices jumped 1.82 percent compared to a 0.21 percent growth in December, boosted by higher cost of food and non-alcoholic beverages (+4.28 percent), alcoholic beverages and tobacco (+9.60 percent), miscellaneous goods and services (+2.71 percent), recreation and culture (+2.09 percent) and health (+2.42 percent). In contrast, prices of clothing and footwear dropped sharply by 6.71 percent

Still performing better than yours.

 

[UkroTurk]

Russian national income decreased to 1.7 trillion$ from 2.2.

Inflation shows there is economic motion.

Real Estaate prices increase in big cities due to ricing salaries.
People work and have money.
Living in Istanbul more expensive than 10 years ago.

 

[kimattilanbeni]

save your cold a*s russky

Crude Oil Price, Oil, Energy, Petroleum, Oil Price, WTI & Brent Oil, Oil Price Charts and Oil Price Forecast

 

[senheiser]

Still performing better than yours.

Russian Inflation is 9.8% despite all the charade in recent years. Turkey has no sanction or anything like that, no drop in Oil price and it increased significantly .

 

[UkroTurk]

Nowadays 1$= 80 rubchik.
Kurs will be 1$=100r.

Due-to devoliations RF citizens are losing their capitals, salaries and pensions decreased against dollar.
Real estate market has stopped in all Russia including Moscow.
But in Moscow cost of Real Estates 2-3 times decreased.
It will be pizdest

 

[SBD-3]

Instead of forming a strong economic foundation, our government is seeing wet Ottoman dreams. Russia also took a hard slam because of western sanctions. But at least you guys took Crimea in return. What did we get? A huge nothing.

9.5% YoY at a time when energy effects are near to nothing (for depressed Oil prices) puts Turkish economy at a risk of inflation take off and economic hurt.

 

[xenon54 out]

Russian Inflation is 9.8% despite all the charade in recent years. Turkey has no sanction or anything like that, no drop in Oil price and it increased significantly .

We dont even have oil and gas in the first place, you have billions of free dollar every year, so tell me again who is performing better economically.

 

[damm1t]

It's hilarious to see how russians struggle with the internet in sake of finding something negative about Turkey Actually RT and Sputnik create enough their own artificial negativeness

 

[UkroTurk]

First title of the Turkish Economy is Automotive.
Not only producing cars also spare parts are being produced for the global automobile companies by Turkish producers.

Exporting textil or tomatoes to Russia doesnt make us rich But they dont think so. They think that all the Turkish economy based on tomatoes and Antalya

 

[TaiShang]

Don't Look Now...But Russia Just Overtook the US in Agriculture

This year Russia is set to export 23.5 million tons of grain vs Canada's 20 million tons, and 21.8 million tons coming from the US

Due to several factors, including the rise in the US dollar, American agricultural products are becoming too expensive and uncompetitive. Meanwhile, Russian farmers are seizing leading positions in the market.

The international agricultural market saw significant changes this year amid such factors as a stronger dollar, the collapse of oil prices and better crops. As a result, leading exporters have given way to new players, according to the Wall Street Journal.

The world's biggest agricultural exporters, Canada and the US, have recently been lagging behind Russia in overall production of wheat. This year, Russia is set to export 23.5 million tons of grain. Canada can export 20 million tons, and the US — 21.8 million tons. Former leaders in the agricultural market are expected to see their lowest rates of export in 44 years.

"Unless emerging-market currencies stop falling, the U.S. will lose more export market share and will begin to see more foreign products coming in," said Michael McDougall, director of agricultural commodities at Société Générale SA in New York.

Consumers from other countries are currently not very enthusiastic about buying American grain due to stronger dollar, especially now that fierce competition on the international food market has considerably lowered the cost of products in general.

"The dollar's strength is becoming a much bigger issue for farmers than we've seen for a while," said Chad Hart, a grain market analyst at Iowa State University (ISU) Extension. "It's really having an impact this year."

Meanwhile, Russia has managed to balance prices and grab a larger share of established markets, such as Egypt, the newspaper noted. And that includes markets traditionally dominated by the US, so American farmers will need to get ready for diminished demand and a downslide in prices.

 

[UkroTurk]

Poor asians, cost of rise make them happy
Yes you will richer than last year. Even my *** laughing

You should think about how poor citizens of asia can buy this cereal.
Americans have unlimited dollars, they print it, But can you buy expensive cereal?