Turkey: Annual inflation at 11.77% in August

Turkey: Annual inflation at 11.77% in August

The highest annual increase last month was 26.99% in various goods and services, according to TurkStat

Turkey saw an annual increase of 11.77% in consumer prices in August, the country’s statistical office announced on Thursday.

Last month, annual inflation rose 0.01 percentage points from 11.76% in July.

The highest price increase on an annual basis was recorded in various goods and services with 26.99% in August, according to TurkStat data.

It was followed by health at 14.68% and food and non-alcoholic beverages at 13.51%.

Last week, a team of economists surveyed by the Anadolu agency forecast an average annual increase of 11.88% in consumer prices. /ibna