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ANKARA — Turkey's consumer prices rose by a more-than-expected 2.60 percent in October, for a year-on-year rate of 11.99 percent, the Turkish Statistics Institute said Monday.
The producer price index rose 0.57 percent, reaching to 13.29 percent, the state-run institute said on its Web site.
Turkey had targeted 4 percent inflation for 2008, but Central Bank Governor Dumus Yilmaz said Friday that the annual inflation rate was expected to rise to 11.1 percent at the end of this year.
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