Turkish Digest Advertising Rates

Annual Advertising options

Friday, March 04, 2011

Turkish Central Bank Says Core Inflation Likely to Rise Further - Businessweek

"Turkish Central Bank Says Core Inflation Likely to Rise Further
March 04, 2011, 3:25 AM EST

By Ali Berat Meric

March 4 (Bloomberg) -- The Turkish central bank said it expects core inflation to accelerate over the coming months.

The slowdown in consumer-price inflation in February to a four-decade low of 4.2 percent was mainly caused by the comparison with the same month a year earlier when the government increased taxes, the bank said today in an e-mailed statement from Ankara."

More:Turkish Central Bank Says Core Inflation Likely to Rise Further - Businessweek