Türkiye's annual inflation at 33.29% in September

By Mucahithan Avcioglu

ISTANBUL (AA) - The annual inflation rate in Türkiye was 33.29% in September, up from 32.95% in August, and above the expectation of around 32.5%, the Turkish Statistical Institute (TurkStat) announced Friday.

The highest price hikes were seen in education with 66.1%, housing 51.36%, and food and non-alcoholic beverages 36.06% on a yearly basis, according to TurkStat's data.

Meanwhile, the lowest rates were posted in clothing and footwear with a 9.8% increase, communications 23.2%, and alcoholic beverages and tobacco 24.49%.

TurkStat said there were three main expenditure groups with the highest weight: food and non-alcoholic beverages with a 36.06% price hike, transportation 25.3%, and housing 51.36%.

"The contributions of these main groups to the annual change were 8.60% for food and non-alcoholic beverages, 4.15% for transportation and 7.85% for housing," it said.

Meanwhile, the monthly inflation rate was 3.23% in September, up from 2.04% in August, also exceeding market expectations of 2.6%.

The rise in annual inflation ended a 15-month consecutive fall streak, official figures by TurkStat showed.