"Turkey's Annual Inflation Slowed to 6.4% in December, Beats Expectations
By Ali Berat Meric and Steve Bryant - Jan 3, 2011 1:36 PM GMT+0200
Turkey’s inflation rate fell to a year low in December, making it more likely the central bank will reduce interest rates further.
Consumer prices rose 6.4 percent from a year ago, after advancing 7.3 percent in November, the statistics office in Ankara said on its website today. Economists expected an increase of 6.8 percent, according to the median of five estimates in a Bloomberg News survey. Prices fell 0.3 percent from a month ago. "
More:Turkey's Annual Inflation Slowed to 6.4% in December, Beats Expectations - Bloomberg
