RTTNews - Wednesday, Turkey's statistical office TurkStat announced that the consumer price index or CPI rose 5.24% year-over-year in May, slower than the 6.13% increase in the previous month. Economists were looking an increase of 5%.
On a monthly basis, the CPI increased 0.64% in May, compared to the 0.02% growth in April. Economists had expected an increase of 0.4%.
Separately, the statistical office said producer prices dropped 2.46% year-on-year in May, after falling 0.35% in April. Economists were expecting a decline of 1.9%.
Month-on-month, producer prices dropped 0.05% in May, in contrast to a 0.65% rise seen in the preceding month. Economists had predicted an increase of 0.6%.
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