Turkey October inflation 2.58% month on month, 29.77% annually

Turkey October inflation 2.58% month on month, 29.77% annually
Photo: Havadis

According to the Turkish Statistical Institute (TÜİK), inflation in Turkey rose 2.58% month on month in October and 29.77% year on year.

Economists taking part in the AA Finans Inflation Expectations Survey had forecast that consumer prices would rise 2.20% month on month in October. The monthly figure published by TÜİK came in above that forecast.

TÜİK had earlier reported September inflation at 1.84% month on month and 29.73% year on year. Compared with September, the October figures show increases on both the monthly and annual measures.

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This story was automatically summarised and translated from Havadis. All rights to the story belong to its source.

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