August Inflation Figures and Annual Developments Evaluated
It was announced that consumer inflation for August stood at 1.84 percent, and annual inflation declined to the level of 31.51 percent.
With consumer inflation for August realizing at 1.84 percent, annual inflation declined to the level of 31.51 percent.
Process of Combating Inflation
It was stated that the process of combating inflation is being carried out resolutely with a holistic approach and strong coordination among relevant institutions.
Basic Goods and Food Category
While annual inflation in basic goods dropped to 15.89 percent, monthly food inflation materialized at 0.22 percent under the influence of the decline in fresh fruit and vegetable prices, and annual food inflation receded by 3.7 points compared to the previous month.
Apparel and Services Sector
While improvement continued in basic goods inflation as seasonal discounts in clothing and footwear prices persisted, services inflation followed a flat course on an annual basis.
Global Developments and Policies
It was noted that global tensions have increased transportation costs and periodic developments in rent and education prices have come to the fore, while policies to limit the pass-through of external shocks to domestic prices were prioritized.