By Murat Aslan
ISTANBUL (AA) – Türkiye's annual inflation rate is projected to increase to 47.27% in July, an Anadolu survey said on Friday.
The annual inflation rate was 38.21% in June and 39.59% in May.
A group of 17 economists forecasts that monthly inflation will be at 9.07%, with projections ranging between 7.5% and 10.6%.
Monthly inflation in June was 3.92%.
The Turkish Statistical Institute will announce July's consumer price index on Thursday.
*Writing by Gokhan Ergocun