Turkey’s Inflation Rate Eases Slightly More than Expected in July
11 Articles
11 Articles
Turkey’s inflation rate eases slightly more than expected in July
Turkey’s inflation slowed slightly more than expected in July, but the war in Iran and the resulting turmoil in energy markets are likely to push the central bank towards a cautious stance, Bloomberg reported on Monday. Annual consumer price growth eased for a second straight month to 31.8 per cent, down from 32.1 per cent […]
The Turkish Statistical Institute's (TÜİK) announcement of July's inflation rate as 1.78 percent monthly and 31.75 percent annually has drawn strong criticism from economists. Experts pointed out that official data is detached from the cost of living felt by the public and from finalized court decisions, warning that chronic problems and rigidities in the economy persist.
Turkish inflation slows to three-month low
Housing and transport costs remain high Central bank struggles to curb price gains Turkish inflation six times OECD average Turkish inflation eased in July to its lowest in three months, though core input costs such as transport and housing remain stubbornly resistant to government efforts to curb price rises. Consumer inflation was 1.78 percent month-on-month, according to data issued by the state statistics agency on August 3. The July number …
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