"Turkish Inflation Rate Declines to Year-Low of 7.3%, Pushing Bonds Higher
By Ali Berat Meric and Steve Bryant - Dec 3, 2010 10:52 AM GMT+0200
Turkey’s inflation rate plunged to the lowest this year, vindicating central bank predictions of a slowdown and pushing bonds higher.
Inflation slowed to 7.3 percent in November from 8.6 percent the month before, the statistics office in Ankara said on its website today. It was expected at 8.2 percent, according to the median estimate of eight economists surveyed by Bloomberg. In the month, prices rose 0.03 percent."
More:Turkish Inflation Rate Declines to Year-Low of 7.3%, Pushing Bonds Higher - Bloomberg
