Turkish inflation expected to raise in July

Turkish inflation expected to raise in July

Anadolu survey projects annual inflation rate at 47.27% for July

By Murat Aslan

ISTANBUL (AA) – Türkiye's annual inflation rate is projected to increase to 47.27% in July, an Anadolu survey said on Friday.

The annual inflation rate was 38.21% in June and 39.59% in May.

A group of 17 economists forecasts that monthly inflation will be at 9.07%, with projections ranging between 7.5% and 10.6%.

Monthly inflation in June was 3.92%.

The Turkish Statistical Institute will announce July's consumer price index on Thursday.

*Writing by Gokhan Ergocun

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