In April, consumer price index (CPI) increased by 1.21 percent and annual inflation was 10.72 percent. Despite the deceleration in price increase of durable goods and services, decline in annual inflation was limited due to high increase in clothing prices.
In April, clothing and footwear prices increased by 11.31 percent. As a result, annual inflation in this group rose to 6.22 percent.
Recent cost-oriented increases in prices of clothing manufacturing industry were influential in the said development. These developments indicate that in 2007, contribution of clothing and footwear to disinflation might remain limited compared to the last two years.
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Fibre2fashion News Desk - Turkey
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