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Turkey: Sept inflation at single digit, down to 9.26%

Turkey: Sept inflation at single digit, down to 9.26%
Country sees single digit inflation figure for first time since July 2017

By Muhammed Ali Gurtas and Aysu Bicer

ANKARA (AA) - Turkey saw an annual hike of 9.26% in consumer prices in August, the country's statistical authority TurkStat reported on Thursday.

Last month, the annual inflation went down 5.75 percentage points from 15.01% in August.

TurkStat data revealed that the figure dropped to single digit for the first time since July 2017.

The institution said the highest annual price increase was recorded in alcoholic beverages and tobacco with 43.86% in August.

"Health with 15.41%, miscellaneous goods and services with 14.98%, hotels, cafes and restaurants with 14.87% and education with 14.00% were the other main groups where high annual increases realized," it said.

On Tuesday, an Anadolu Agency survey showed that a group of 14 economists forecast an average annual climb of 9.64% in consumer prices in September.

source: News Feed
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