Annual inflation in Turkey at 79.6% in July

Turkey's annual inflation rate was at 79.6% in July, up from 78.6% in June, official figures revealed on Wednesday.

The consumer price index saw a 2.37% rise on a monthly basis, according to the Turkish Statistical Institute (TurkStat).

The lowest annual increase was in the communication sector with 25.79%.

It was followed by the education sector with 26.82%, clothing and footwear with 32.09%, and health with 48.44%.

The largest annual rises were seen in transportation with 119.11%, food and non-alcoholic beverages with 94.65%, and furnishings and household equipment with 88.35%.