Bloomberg News

Istanbul Prices Rose 3.1 Percent in October, Chamber Says

November 01, 2011

(Updates with economists’ estimates in third paragraph.)

Nov. 1 (Bloomberg) -- Prices in Istanbul, Turkey’s biggest city, rose 3.1 percent in October, the city’s Chamber of Commerce said.

Annual inflation in Istanbul was unchanged at 6.1 percent in the month, the chamber said today by telephone.

Turkey’s state statistics agency will announce nationwide inflation data for October on Nov. 3. It is expected to show an acceleration of 7 percent annually compared with 6.2 percent in September, according to the median estimate in a Bloomberg survey of eight economists.

--Editors: Louis Meixler, Heather Langan.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Louis Meixler at lmeixler@bloomberg.net


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