Türkiye’s annual consumer inflation at 58.94% in August

ANKARA

Türkiye’s annual inflation reached 58.94% in August, up from 47.8% in July, according to official data released on Monday.

An Anadolu survey had predicted the annual consumer price index to rise to 56.37%.

Among main groups, hotels, cafes and restaurants posted the largest annual price hike with 89.31% while housing saw the lowest with 24.97%.

Food prices surged 72.86% year-on-year in August, TurkStat data showed.

On a monthly basis, Türkiye’s consumer prices index increased 9.09% in August, easing from a 9.49% hike in July.