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Turkish August Inflation Slows Less Than Expected to 8.9 Percent

Sept. 3 (Bloomberg) -- Turkish inflation slowed to 8.9 percent in August.

The annual consumer price inflation rate declined from 9.1 percent in July, the statistics office in Ankara said on its website today. Inflation was expected at 8.3 percent, according to the median forecast of five economists questioned by Bloomberg. Prices rose a monthly 0.56 percent.

Annual producer price inflation dropped to 4.6 percent from 6.1 percent. The central bank’s key measure of core inflation was 7.2 percent compared with 7.5 percent in July.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net

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