June 3, 2019 / 8:13 AM / 2 months ago

RPT-Turkish annual consumer price inflation dips to 18.71% in May

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ISTANBUL, June 3 (Reuters) - Turkey’s consumer price index rose 18.71% year-on-year in May, official data showed on Monday, less than a Reuters poll forecast of 19.1% and down from 19.5% in the previous month.

Month-on-month, inflation stood at 0.95% in May, lower than a poll forecast of 1.3%. Annual inflation has eased from a 15-year peak in October of above 25%.

The producer price index rose 2.67% month-on-month in May for an annual rise of 28.71%, the data from Turkish Statistical Institute showed. (Reporting by Ali Kucukgocmen Editing by Dominic Evans)

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