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Turkish inflation surges to 9.15 pct in November

Turkish consumer prices rose in November as food prices continued to climb, data showed on Wednesday.

Turkish annualized inflation increased to 9.15 percent in November from 8.86 percent in September, data from the Turkish Statistics Institute (TurkStat) showed on Wednesday. Economists had expected the August rates to be at 9.25 percent.

On a monthly basis, consumer prices rose 0.18 percent, below a market expectation of 0.55 percent decline. Producer prices reached 8.36 percent in November from 10.10 percent in the preceding month,TurkStat said.