Turkey’s Annual Inflation at 33.2% in September
The annual inflation rate in Turkey was 33.29 percent in September, up from 32.95 percent in August, and above the expectation of around 32.5 percent , the Turkish Statistical Institute (TÜİK) announced Friday.
The highest price hikes were seen in education with 66.1 percent , housing 51.36 percent , and food and non-alcoholic beverages 36.06 percent on a yearly basis, according to TÜİK's data.
Meanwhile, the lowest rates were posted in clothing and footwear with a 9.8 percent increase, communications 23.2 percent , and alcoholic beverages and tobacco 24.49 percent .
TÜİK said there were three main expenditure groups with the highest weight: food and non-alcoholic beverages with a 36.06 percent price hike, transportation 25.3 percent , and housing 51.36 percent .
"The contributions of these main groups to the annual change were 8.60 percent for food and non-alcoholic beverages, 4.15 percent for transportation and 7.85 percent for housing," it said.
Meanwhile, the monthly inflation rate was 3.23 percent in September, up from 2.04 percent in August, also exceeding market expectations of 2.6 percent.
The rise in annual inflation ended a 15-month consecutive fall streak, official figures by TÜİK showed.
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