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Friday, September 03, 2010

Turkish Inflation Rate Rises to 8.3% on Food Prices, Ending 3-Month Drop - Bloomberg

"Turkish Inflation Rate Rises to 8.3% on Food Prices, Ending 3-Month Drop
By Benjamin Harvey and Ali Berat Meric - Sep 3, 2010 3:10 AM ET

Turkey’s inflation rate rose to 8.3 percent in August, reversing a three-month drop as food prices increased.

Inflation accelerated from 7.6 percent the month before, the government statistics office in Ankara said on its website today. It was forecast at 8 percent, according to the median estimate of four economists surveyed by Bloomberg. In the month, prices rose 0.4 percent."

More:Turkish Inflation Rate Rises to 8.3% on Food Prices, Ending 3-Month Drop - Bloomberg