DJ Turkey Ctrl Bk: Cautious On Gas, Electricity Price Hikes-IHA

Turkey 's central bank said Thursday it will act with caution due to the government's plans to raise electricity and natural gas prices, Ihlas news agency, or IHA, reported.

The government said earlier this week it will raise electricity prices 15% for households and 10% for industries. It is also expected to increase natural gas prices 14% in the near future.

In the summary of the minutes of its last monetary policy meeting, the central bank said one percentage point of November's inflation rate stemmed from previous price hikes implemented by the government.