Published 09/03/2024 1:07:00 p.m.

Turkish inflation slows to 52% in August from 61.8%

Turkish inflation slowed to 52% in August, down from 61.8% in July, according to the Turkish Statistical Institute .
Consumer prices rose 51.97% in August compared to last year, driven by a gas price hike.
Inflation increased by 2.47% from July to August, but this was below market expectations.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

RTÉ

Turkish inflation slows to 52% in August from 61.8%

Turkey's annual inflation rate slowed further in August to 52% after reaching 61.8% in July, official data showed today.

09/03/2024 7:12:53 a.m.·Ireland

Read Full Article

Financial Post

Turkish Inflation Slows Sharply After Interest Rate Hikes

(Bloomberg) — Turkey’s annual inflation eased sharply in August, as 50% borrowing costs filter through to the economy and dampen demand.

09/03/2024 8:28:33 a.m.·Canada

Read Full Article

Dawn

Interest rate cut hopes raised after inflation dip

KARACHI: The sharp decline in inflation during August has opened the door for a potential interest rate cut of up to 200 basis points, researchers and analysts said after Monday’s release of the latest inflation figures. The Consumer Price Index (CPI), which measures main inflation, dropped to 9.6pc in August from 11.1 per cent in July, creating an opportunity for the State Bank of Pakistan (SBP) to lower interest rates, in line with the demands…

09/03/2024 4:38:52 a.m.·Pakistan

Read Full Article

Inquirer

Turkish inflation slows to 52% in August - official data

Istanbul, Turkey — Turkey’s annual inflation rate slowed further in August to 52 percent after reaching 61.8 percent in July, official data showed on Tuesday. The central bank began to raise interest rates last year in an effort to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy. Turkey’s

09/04/2024 8:20:46 a.m.·Manila, Philippines

Read Full Article

Spiegel

Inflation in Turkey: Rate falls to lowest level in more than a year

Consumer prices in Turkey were 52 percent higher in August than in the same month last year, the lowest since July 2023. An important commodity group contributed to this.

09/03/2024 1:15:00 p.m.·Germany

Read Full Article