September inflation down to single digits
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.