Annual inflation in Turkey at 79.6% in July
Consumer price index sees 2.37% rise on monthly basis.
Consumer price index sees 2.37% rise on monthly basis.
The consumer price index sees an 11.1% rise on monthly basis.
The bank explains why inflation diverged from the target.
The country's annual inflation is expected to hit 23.2% in 2022.
The monetary authority has lowered the key rate by 500 basis points since September.
Consumer price index climbed 3.51% on monthly basis.
Highest annual rise recorded 27.41% in food and non-alcoholic beverages, according to TurkStat.
Monthly inflation also climbed 1.25% in the same month.
Central Bank governor says extraordinary conditions increase importance of core inflation indicators.
New figures show yearly inflation rose to 19.25% in August, compared to 18.95% in July.