Türkiye's annual inflation eases to 51.97% in August, lowest since July 2023

The data also revealed a 31.94% increase in the CPI since December of the previous year and a 64.91% rise based on a twelve-month moving average.

Among the main expenditure groups, transportation recorded the lowest annual increase at 28.96%, while education saw the highest spike with a staggering 120.81% rise over the year.

On a monthly basis, food and non-alcoholic beverages experienced a 1.10% decline, whereas education costs saw an 11.34% increase, the highest among all groups.

Out of the 143 basic headings tracked in the index, 118 showed an increase in August, 22 saw a decrease, and 3 remained unchanged.

The CPI indicator with specified coverage, which excludes unprocessed food, energy, alcoholic beverages, tobacco, and gold, rose by 50.87% annually and 2.88% monthly, reflecting ongoing inflationary pressures across the economy. (ILKHA)