ISTANBUL (Reuters) - Turkey's consumer price inflation rose a bit more than expected to 12.15% year-on-year in January, the Turkish Statistical Institute said on Monday, climbing for the third consecutive month after a dramatic drop last year.
A Reuters poll forecast annual inflation would remain mostly flat at 11.86% in January. In December annual inflation was 11.84%.
Month-on-month, consumer prices rose 1.35% in January, compared with a poll forecast of a 1.10% rise.
The producer price index rose 1.84% month-on-month in January for an annual rise of 8.84%, the data showed.
