Turkey's Yilmaz issues inflation warning

Inflation is expected to exceed the 4% target set by the government for the end of the year, Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey, has told the country's cabinet.

Speaking to cabinet members last week, Yilmaz said seasonal price shifts have adversely affected the inflation outlook. He said the chief contributors to the deteriorating outlook were increases in the price of unprocessed food, a strong parity effect and seasonal variations in general price leve