Turkish Statistics: Annual Inflation Drops to 29.73% in September
Turkish Statistics showed annual inflation falling to 29.73% in September, with consumer prices rising monthly by 1.84% and rents decreasing by 31.49%.
Translated by Qiyas from كونا — Original source
Istanbul, Oct 5 (KUNA) -- The Turkish Statistical Institute announced on Monday that Turkey’s annual inflation rate declined in September to 29.73 percent, down from 31.51 percent in August. In a statement, the institute said that the consumer price index (CPI) rose by 1.84 percent on a monthly basis in September, while the domestic producer price index increased by 2.07 percent. Consequently, annual consumer inflation fell below 30 percent for the first time since November 2021. It added that the CPI stood at 31.49 percent on an annual basis when calculated using 12-month averages, while the domestic producer price index reached 27.81 percent. The institute also noted that, alongside the release of September inflation data, the rent increase applicable for October was determined at 31.49 percent for both residential and commercial properties. (End) T.A. / N.A.
