Turkey's inflation stands at 1.02 pct in March, hits highest annual level in 5 years

Turkey's consumer price index (CPI) rose by 1.02 percent in March, bringing the annual inflation rate to 11,29 percent from 10.13 percent in previous month, according to the data released by the Turkish Statistical Institute (TurkStat) on Monday.

The latest increase brought the annual inflation rate to its highest level since April 2012.

The rise on the 12 months moving averages basis was 8.21 percent in March.

In March 2017, the highest monthly increase was in clothing and footwear category with 1.99 percent, followed by the food and non-alcoholic beverages category with 1.93 percent, health with 1.88 percent, recreation and culture with 1.55 percent and housing with 1 percent.

The highest annual increase was in alcoholic beverages and tobacco category with 21.71 percent, followed by transportation with 17.69 percent, health with 13.28 percent, food and non-alcoholic beverages with 12.53 percent, and miscellaneous goods and services with 12.51 percent.