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TURKEY: CBRT Say Underlying Inflation Decelerated in February

TURKEY
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The CBRT has published its monthly assessment of price developments. Highlights below:

  • Core goods prices fell on a monthly basis, while price increases in other main groups weakened compared to January, particularly in services. However, services inflation remains higher than goods inflation.
  • In the food group, the increase in processed food prices remained strong in February as in January, while vegetable prices declined contrary to seasonal averages, restraining the monthly food inflation.
  • Under the Social Security Institution’s (SSI) Health Practices Communiqué (SUT), the amount of copayments for medical examinations paid at official health service providers was revised, which played a pivotal role in achieving a more limited monthly services inflation. This development had a dampening effect of 0.29 points on consumer inflation in February.
  • The underlying inflation decelerated in February.

Full report here.

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The CBRT has published its monthly assessment of price developments. Highlights below:

  • Core goods prices fell on a monthly basis, while price increases in other main groups weakened compared to January, particularly in services. However, services inflation remains higher than goods inflation.
  • In the food group, the increase in processed food prices remained strong in February as in January, while vegetable prices declined contrary to seasonal averages, restraining the monthly food inflation.
  • Under the Social Security Institution’s (SSI) Health Practices Communiqué (SUT), the amount of copayments for medical examinations paid at official health service providers was revised, which played a pivotal role in achieving a more limited monthly services inflation. This development had a dampening effect of 0.29 points on consumer inflation in February.
  • The underlying inflation decelerated in February.

Full report here.