On monthly basis, consumer prices increase 9.09% in August, official data shows
Turkiye’s annual inflation reached 58.94% in August, up from 47.8% in July, according to official data released on Monday.
An Anadolu survey had predicted the annual consumer price index to rise to 56.37%.
Among main groups, hotels, cafes and restaurants posted the largest annual price hike with 89.31% while housing saw the lowest with 24.97%.
Food prices surged 72.86% year-on-year in August,TurkStat data showed.
On a monthly basis, Turkiye’s consumer prices index increased 9.09% in August, easing from a 9.49% hike in July.