Central Bank of the Republic of Turkey September Price Developments Report Published
According to the Central Bank's September report, consumer prices rose by 1.84 percent, while annual inflation dropped to 29.73 percent and a slowdown was recorded in the underlying trend.
The results of the Price Developments Report for September, published by the Central Bank of the Republic of Turkey, have been announced. Accordingly, while the consumer price index recorded an increase in September, the annual inflation rate showed a decline, and a decrease was observed in the underlying trend.
Monthly and Annual Changes in Consumer Prices
According to the Price Developments Report for September announced by the Central Bank of the Republic of Turkey, consumer prices recorded an increase of 1.84 percent in September.
As a result of these developments, annual consumer inflation fell by 1.78 points to 29.73 percent, while a decrease was also observed in the underlying trend of inflation compared to the previous month.
Developments in Food and Energy Prices
On a monthly basis, food prices declined by 0.20 percent under the influence of the drop in fresh fruit and vegetable prices.
On the other hand, energy prices rose by 6.25 percent in September, led by global developments and increases in fuel prices.
High-Rate Increases in the Education Sector
The effects of the back-to-school period led to high-rate price increases in various items related to educational services with the start of the new academic year.
In this context, school bus service fees increased by 16.04 percent, while the increase rate in dormitory fees reached 19.99 percent.
Basic Goods and Producer Prices
Clothing and footwear prices in the basic goods group rose by 4.01 percent with the transition period to the new season.
Domestic producer prices increased by 2.07 percent in September, while annual producer inflation declined by 0.57 points to 27.38 percent.