Turkey’s inflation drops further in October

Turkey’s inflation rate decreases in October in comparison to same month of 2014 while increasing by 1.55 percent this month

Photo by: AA (Archive)
Photo by: AA (Archive)

Inflation in Turkey decreased in October after increasing for three consecutive months, the Turkish Statistical Institute reported Tuesday.

The annual inflation rate fell to 7.58 percent in October from 7.95 percent in the previous month, the report said.

The Consumer Price Index saw a 1.55 percent increase in October from September.

Clothing and footwear saw the highest monthly rise -- up 11.43 points on October.

The greatest price fall was for alcoholic beverages and tobacco, which saw a 0.01 percent drop.