Ankara: Turkish annual consumer price inflation dipped more than expected to 33.52 percent in July, official data showed on Monday. The Turkish Statistical Institute revealed that month-on-month inflation was 2.06 percent, which was below the forecasts set earlier. In June, consumer price index (CPI) inflation was recorded at 1.37 percent on a monthly basis and 35.05 percent annually.
According to Emirates News Agency, the data also demonstrated that the domestic producer price index increased by 1.73 percent month-on-month in July, culminating in an annual rise of 24.19 percent. This rise in the domestic producer price index reflects ongoing economic adjustments within the country.