Turkey's annual inflation at 15.85 percent in July

Yearly increase in consumer prices at 15.85 percent in July, up from 15.39 percent in June, according to official data

By Tuba Sahin

ANKARA (AA) - Consumer prices in Turkey went up by 15.85 percent in July compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced on Friday.

The figure in July was up from 15.39 percent in June, standing at below expectations.

According to a group of economists polled by Anadolu Agency on Tuesday, Turkey's annual inflation rate had been expected to reach 16.48 percent in July.

Last month, change in consumer price index saw a rise of 0.55 percent on a monthly basis, official data showed.

The median of estimates for the month by 20 economists was a 1.10 percent rise compared to the previous month.

Kaynak: