Türkiye's annual inflation drops below 52%

Türkiye
# 03 September 2024 11:15 (UTC +04:00)

The annual inflation in Türkiye stood at 51.97% in August, the Turkish Statistical Institute announced in a report released on Tuesday, APA reports citing Turkish media.

The figure was down from the previous month's 61.78%.

Education and housing prices saw the highest increase, soaring 120.81% and 101.49%, respectively, year over year, while the smallest growth was seen in the transportation and clothing and footwear categories, where prices rose 28.96% and 29.38% on a yearly basis, respectively.

On a monthly basis, consumer prices rose 2.47% in August with education prices climbing 11.34%.

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