Turkey's inflation rate rises to 14.03 percent in November

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Turkey posted a 14.03 percent annual hike in consumer prices in November, the country's statistical authority said on Thursday.

Annual inflation rate rose 2.14 percentage points in November, up from 11.89 percent in October, according to the Turkish Statistical Institute (TurkStat).

The consumer price index saw a 2.30 percent monthly increase, it added.

The inflation rate in November 2019 was 10.56 percent.

The highest annual price increase was recorded in miscellaneous goods and services, food and non-alcoholic beverages and transportation with 29.42 percent, 21.08 percent and 18.67 percent respectively.

On Tuesday, a group of 23 economists surveyed by Anadolu Agency also projected that November's monthly inflation to have risen to 12.69 percent from 11.89 percent

The government's year-end inflation target for 2020 is 10.5 percent, as laid out in the new economic program announced in September. (HA/VK)