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Turkey Consumer Inflation Climbs More Than Estimates on Food

  • June CPI rate 7.64 percent vs 6.58 percent previous month
  • Economists in Bloomberg survey predicted 6.94 percent

Turkey’s consumer price inflation climbed more than estimated in June, led by a surge in food prices.

The annual inflation rate was 7.64 percent last month compared with 6.58 percent in May, Turkey’s state statistics institute said Monday. The median estimate in a Bloomberg survey of economists forecast the rate to rise to 6.94 percent. Food prices rose an annual 6.63 percent through June, compared with 2.47 percent in May.