ANKARA: Trkiye'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, Trkiye's Consumer Prices Index rose 3.23% from June. Source : Anadolu Agency
Trkiye’s annual consumer inflation slows to 9-month low in July
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