Septem­ber in­fla­tion down to sin­gle dig­its

Dünya Executive - - OVERVIEW -

Turkey saw an an­nual hike of 9.26 per­cent in con­sumer prices in Au­gust, the coun­try’s sta­tis­ti­cal au­thor­ity TurkS­tat re­ported on Oc­to­ber 3, a 5.75 per­cent­age points de­cline from 15.01 per­cent in Au­gust, ven­tur­ing into sin­gle digit ter­ri­tory for the first time since July 2017. The in­sti­tu­tion said the high­est an­nual price in­crease was recorded in al­co­holic bev­er­ages and to­bacco at 43.86 per­cent in Au­gust. “Health at 15.41 per­cent, mis­cel­la­neous goods and ser­vices at 14.98 per­cent, ho­tels, cafes and restau­rants at 14.87 per­cent and ed­u­ca­tion at 14.00 per­cent were the other main groups with high an­nual in­creases,” it said. In Septem­ber, TurkS­tat said con­sumer prices rose 0.99 per­cent month-on-month. The of­fi­cial fig­ures also showed that the 12-month av­er­age hike in con­sumer prices was 18.27 per­cent.

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