Inflation Rate Hits Double Digit: 10.68

Click to read the article in Turkish

Turkish Statistical Institute has announced the inflation data for August 2017.

When compared to July, the inflation rate in August 2017 has risen by 0,52%, when compared to December 2016, by 6.60% and when compared to August 2016, by 10.68%. The average increase for 12 months is 9.66%.

In July, the annual inflation rate was announced as 9.79%.

Highest monthly hike

Highest monthly increase was seen in education with 2.79%.

Transportation marked 2.05% of increase; household furniture 1.66% and household goods 0.63% and the group of restaurants and hotels 1.03%.

Highest monthly drop

Highest monthly drop was seen in the group of clothing and shoe with 3.09%.

The other group which marked a decrease was food and non-alcoholic drinks with 0.22%.(YY/DG)