US to end 2019 inflation rate 1.9%

WASHINGTON, Jan. 11 (Xinhua) - The US consumer price index fell 0.1 percent in December, bringing the annual inflation rate to 1.9 percent, the government said on Tuesday.



The United States ended in 2017 with an inflation rate of 2.1%.


On the other hand, the core inflation rate - which excludes the most volatile commodities such as energy and food - has not changed and closed the year at 2.2%.



The fall in prices in December was the first in nine months.



Energy prices fell by 3.5%, driven by a 7.5% drop in gasoline prices, while food prices rose 0.4%. (EFI).



ISTANBUL (Reuters) - Turkey's current account surplus stood at $ 986 million in November, as economic activity continued to slow and import prices surged due to a steep lira depreciation last year, central bank data showed on Friday.



The current account balance was a major concern for investors, where for a long time it was a deficit, making the economy dependent on external inflows with speculation to finance the deficit.




November was the fourth straight month in which the current account balance recorded a surplus, with Turkey's trade deficit, the largest component of its account, severely hit by rising import prices.



A Reuters poll of 18 economists predicted a surplus of $ 965 million.



According to 17 economists, the average estimates for the full year deficit are $ 28 billion, compared to $ 36 billion in a government forecast announced in September and $ 47.4 billion in 2017.

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