Turkey: Annual Inflation Declined To 71.6% and Monthly Rise Continued

  • Istanbul, Republic of Turkey
  • 4 July 2024
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The annual consumer price inflation rate in Turkey recorded a decline in June to 71.6 percent, after peaking in May (May) at 75.45 percent.

According to the Turkish Statistical Institute, inflation rose by 1.64 percent month-on-month. The rate of increase in inflation was expected to slow on a monthly basis.

Contrary to figures from the Turkish Statistical Institute, the Inflation Research Group, which includes independent experts, announced that inflation rose 4.27 percent month-on-month in June. The increase in inflation during the past twelve months reached 113.08 percent, and the inflation rate in the first six months of this year reached 41.16 percent.

Source (Al-Sharq Al-Awsat Newspaper, Edited)