Turkey’s Inflation Rate Dropped to One-Year Low in October
By David Neylan - Nov 5, 2012 3:42 AM ET
Turkey’s inflation rate fell to the lowest in 11 months as a slowing economy outweighed the impact of government price increases on gas and electricity.
Inflation slowed to 7.8 percent from 9.2 percent the month before, the statistics office in Ankara said on its website today. The median forecast of 10 economists in a Bloomberg survey was 8 percent. Prices rose 2 percent in the month.
More:Turkey’s Inflation Rate Dropped to One-Year Low in October - Bloomberg
