Business

Turkiye’s annual inflation hits 18-month low in June

Housing sees lowest annual price change with 14.76%, official figures show

Turkiye’s annual inflation rate came in at 38.21% in June, marking the lowest level since December 2021, official figures showed on Wednesday.

The country’s annual inflation was 36.08% in December 2021, 78.62% in June 2022, 48.69% in January 2023, and 39.59% in May 2023,according to data by the Turkish Statistical Institute .

In June, the highest annual price change was seen in hotels, cafes and restaurants with 67.22%, while the lowest change was in housing with 14.76%.

Turkiye’s monthly inflation reached 3.92% in June.

Source
aa

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