Economy

Turkey: Annual inflation at 11.77% in August

Highest annual increase last month was 26.99% in miscellaneous goods and services, says TurkStat

Tuba Şahin   | 03.09.2020
Turkey: Annual inflation at 11.77% in August

ANKARA 

Turkey saw an annual hike of 11.77% in consumer prices in August, the country's statistical authority announced on Thursday.

Last month, annual inflation went up 0.01 percentage points from 11.76% in July.

The highest price increase on a yearly basis was recorded in miscellaneous goods and services with 26.99% in August, according to TurkStat data.

It was followed by health at 14.68% and food and non-alcoholic beverages at 13.51%.

Last week, an Anadolu Agency survey showed that a group of 18 economists forecast an average annual climb of 11.88% in consumer prices.


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