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Consumer prices in Turkey rose in August 2018 by 17.9% in annual terms, noting the maximum growth since September 2003, according to official data. Compared with the price increase of 15.85% in the previous month, inflation accelerated sharply in August. Analysts had expected inflation at the level of 17.6%. As the Central Bank of Turkey reported on Monday, it is ready at its meeting on September 13 to adjust monetary policy in order to contain the risks associated with inflation. Thanks to the statements of the Central Bank, the Turkish lira slowed down its fall against the US dollar from more than 2% to 0.3%. Compared to July, consumer prices rose by 2.3% in August after rising by 0.55%. Energy prices went up in annual terms by 21.34%, food products - by 19.75%. Tariffs for transportation services increased by 27.1%. Producer prices jumped by more than 32%.
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong ...
Germany is anticipating an inflation rate drop as the national preliminary inflation data is set to be released 1200 GMT. This reading surfaced after regional inflation figures showed inflation plunging in the month of May. Some German states ...
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