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Consumer prices in Turkey rose by 25.24% in October this year compared with October last year, data from the Turkish Statistical Institute showed. Regarding September, when the price index was at the level of 24.52%, annual inflation in the country accelerated. The acceleration of the growth rate has been observed for 7 months in a row. Experts had expected annual inflation of 24.7%. Compared to the previous month, consumer prices increased by 2.67%, after rising 6.3% a month earlier. Experts had predicted an increase of 2.5%. Prices of Turkish producers rose by 45.01% year-on-year after rising 46.15% a month earlier.
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 ...
Australian inflation surged to its most rapid pace in over five years, hitting a 5-1/2 year-high record, according to figures released on Wednesday. However, economic recovery seems fleeting as virus disruptions continue to press and energy ...
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