Turkey Cbank Says Tobacco Tax Hike to Raise Jan Inflation

Source from:  Reuters  01/05/2013

Turkey's central bank said on Friday that January inflation would be boosted by around 0.8 percentage points as a result of higher taxes on tobacco.

Turkey raised the special consumption tax on cigarettes to 65.25 percent from 65 percent on Wednesday, with the minimum fixed tax on a packet of cigarettes set at 3.15 lira ($1.77) from 2.90 lira.