[Ankara 3rd Reuters]-The Turkish Bureau of Statistics announced that the August consumer price index (CPI) rate of increase was 15.01% compared to the same month last year, slowing from 16.65% in July. This is a slow increase since last May.
According to a Reuters survey, the market forecast for the rate of increase was 15.51%.
The CPI increase rate in August was 0.86% compared to the previous month. The market forecast was 1.3%.
The country's CPI growth rate exceeded 25% in October last year, the highest level in 15 years. However, after that, the central bank lowered the interest rate in July.
In August, transportation-related prices fell 1.94%. Food and beverage prices fell 0.77%.
The currency lira rose after the CPI was announced. The rate at 0720 GMT (4:20 pm Japan time) is 1 dollar = 5.8020 lira, up from 5.8170 lira before the announcement.
The producer price index (PPI) in August fell 0.59% month-on-month and rose 13.45% year-on-year.
