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Turkish inflation rises

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Turkish inflation rises

Ankara, Aug 3 (Prensa Latina) The Turkish Statistical Institute (TUIK) reported today that the rise in prices in this country accelerated in July, as the year-on-year rate of inflation increased to 79.6 percent.
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This data represents the highest level since September 1998, highlighted the TUIK statement.

The strong general shortage is driven above all by the increase in transportation costs (119 percent), followed by food and non-alcoholic beverages (94.6 percent), the message specified.

Turkish inflation was in February 2022, when it stood at 55.44 percent, the highest in two decades and the upward trend was sustained despite the government forecasting that it would start to fall in May.

In June, the Consumer Price Index grew 78.62 percent compared to the same month last year. As for producer prices, the year-on-year increase was 144 percent in July, after reaching 138 the previous month.

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