Türkiye's annual consumer inflation eases to a 9-month low in July
Türkiye's annual consumer inflation fell to 61.78% in July, its lowest in nine months and below forecasts. The Turkish Statistical Institute reported a second consecutive monthly decrease from June's 71.60%, with education seeing the highest annual increase and clothing and footwear the lowest.
- Türkiye
- Anadolu Agency
- Published Date: 10:55 | 05 August 2024
- Modified Date: 10:59 | 05 August 2024
Türkiye's annual consumer inflation significantly cooled to a nine-month low of 61.78% this July, below economists' forecasts, according to official data released on Monday.
Headline inflation decreased for the second consecutive month in July from 71.60% in June, the Turkish Statistical Institute (TurkStat) data showed.
The highest annual hikes were seen in education at 104.50% while clothing and footwear registered the lowest rises with 39.75%
Inflation, excluding energy, food and non-alcoholic beverages, alcoholic beverages and tobacco, came in at 60.23% in July.
An Anadolu survey on Friday forecast the July inflation at 62.23% on an annual and 3.51% on a monthly basis.
On a monthly basis, Türkiye's Consumer Price Index rose 3.23% from June.