"Turkish inflation back in double figures
By Vincent Boland in Ankara
Published: July 3 2006 16:43 | Last updated: July 3 2006 16:43
Turkey’s annual inflation rate rose to double figures in June for the first time in more than two years, showing the difficulties of keeping inflation under control as the country continues its economic recovery.
The June inflation rate was 10.1 per cent on an annual basis, compared with 9.9 per cent in May, the statistics office said. The figure was less than expected and steadied Turkey’s financial markets, which have been rocked in recent weeks by a sharp sell-off as part of a global retreat from emerging market risk."
More:FT.com / World / Europe - Turkish inflation back in double figures
