Istanbul June Cpı Down 1.13% On Month, Ppı Down 0.18%
Consumer prices in Istanbul, Turkey's largest city, fell 1.13% on the month in June, compared with a 0.64% decline in May, the Istanbul Chamber of Commerce, or ITO, said Thursday.
The producer price index fell 0 . 18% on the month in June , the ITO said .
On the year , inflation in Istanbul increased 11 . 21% in June , compared with an increase of 5 . 70% in June 2009 , the ITO said . The producer price index in June also rose 9 . 44% on the year , it added .
Although the ITO calculates its data in a different way from the official Turkish Statistics Institute , or TUIK , the chamber ' s data are considered a good indicator of the national trend , as Istanbul is the country ' s financial capital .
In a June 22 central bank survey , the average year-end national inflation rate forecast was 8 . 01% . Monthly inflation expectations for June were pegged at 0 . 12% , the survey said .
TUIK is due to publish June national inflation data July 5 .
( SB-SB-ENG )