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Monday, December 05, 2011

Turkish Inflation Rate Rises to 19-Month High as Lira Slumps - Businessweek

Turkish Inflation Rate Rises to 19-Month High as Lira Slumps
December 05, 2011, 5:03 AM EST

By Mark Bentley and Ali Berat Meric

(Updates with economist comments starting in third paragraph, markets in sixth.)

Dec. 5 (Bloomberg) -- Turkish inflation accelerated to the highest in 19 months in November and core inflation surged to a four-year high after central bank measures to weaken the lira pushed up import costs.

More:Turkish Inflation Rate Rises to 19-Month High as Lira Slumps - Businessweek