ANKARA: Turkish prices fell by 0.48 percent from June to July, bringing 12-month inflation to 7.58 percent, the state statistics institute said on Tuesday.
Factory gate prices were down by 0.16 percent in the month, marking a 8.24-percent increase over a year, the institute said.
The central bank has said it will target an inflation rate of 6.5 percent in 2010 and five percent in 2011.
Turkey’s inflation slowed down to 6.53 percent in 2009, undershooting the 7.5-percent target as the country went through a severe recession.
The economy began growing again in the fourth quarter after a contraction cycle of four quarters that caused the economy to slump 4.7 percent last year.
Gross domestic product grew by 11.7 percent in the first quarter of 2010, boosting expectations that the official 3.5-percent projection for the whole year would be doubled.
