Annual Inflation Shows a Decrease

Turkey's annual inflation rate experienced a slight decrease to 33.52% in July, down from 35.05% in June, according to the latest data released by the Turkish Statistical Institute. This marks a notable shift in the country's economic landscape.

Monthly Consumer Price Index Rise

On a monthly basis, the Consumer Price Index (CPI) increased by 2.06%, indicating ongoing price adjustments across various sectors.

Sector-Specific Price Changes

Significant changes were observed in specific sectors: food and non-alcoholic beverage prices rose by 27.95% compared to the previous year, transportation costs jumped by 26.57%, and housing prices saw a dramatic increase of 62.01%.

Core CPI Insights

The core CPI, which excludes volatile items such as energy, food, and non-alcoholic beverages, alcoholic beverages, tobacco, and gold, grew by 34.70% annually and 1.74% month-on-month, highlighting underlying inflation trends.