August Inflation Assessment from Minister Mehmet Şimşek
Treasury and Finance Minister Mehmet Şimşek emphasized that the decline in inflation continued in August despite periodic education and fuel price hikes.
Treasury and Finance Minister Mehmet Şimşek announced in his statement regarding the August inflation data that, despite periodic education and fuel price increases, annual inflation stood at 31.5 percent and the downward trend continues.
Annual Inflation Rate Announced
Treasury and Finance Minister Mehmet Şimşek evaluated the August inflation figures via his social media account.
Declines in Core Goods and Rent Inflation
Annual core goods inflation dropped to 15.9 percent, marking the lowest level since November 2020.
Additionally, annual rent inflation fell to its lowest level in the last 46 months.
Price Stability and Structural Policies
While steps are being taken to limit the impact of global price shocks, structural policies are being pursued decisively in line with the goal of permanent price stability.