August Inflation Figures Announced

According to data from the Turkish Statistical Institute, consumer inflation in August was 1.84 percent on a monthly basis and 31.51 percent on an annual basis. Producer inflation was recorded at 2.57 percent monthly and 27.95 percent annually.

Monthly and Annual Inflation Rates

According to August data announced by the Turkish Statistical Institute, consumer inflation increased by 1.84 percent on a monthly basis, reaching 31.51 percent on an annual basis. Producer inflation was realized as 2.57 percent monthly and 27.95 percent annually.

Sectors with the Highest Increases

By major expenditure groups, the highest price increase in August was calculated in the education group at 8.62 percent. On an annual basis, the highest increase was also determined in the education group at 53.44 percent.

Price Changes on a Product Basis

On a consumer price basis, the highest increase in August was seen in international passenger transport by air at 56.26 percent. Among the other products with the highest price increases were eggs, diesel fuel, and gasoline, while the sharpest decline was experienced in fresh fruits.

New Rent Increase Rate Clarified

With the announcement of the inflation figures, the hike rate to be applied to residential and workplace tenants renewing their contracts in September has also become clear. Accordingly, the ceiling increase rate based on the 12-month average of the CPI became 31.79 percent.