ANKARA — Annual inflation in Turkey hit 61.53% in September, with month-on-month consumer price inflation standing at 4.75%, according to official data released on Tuesday. It marks a continuation of an upward trend in the year-on-year inflation rate in Turkey since July.
Data released by the Turkish Statistical Institute (TUIK) showed that monthly consumer prices slightly eased from 9.09% in August.
The data revealed education to be the main driver of the increase in monthly consumer prices, rising 30.27% as the majority of schools in Turkey reopened in September.
Alcoholic beverages and tobacco and housing were the second and third drivers of the rise in monthly prices in September, increasing by more than 10% and 5.5%, respectively, the data showed.
