Turkey's annual inflation rate in July at 16.65%

By Tuba Sahin

ANKARA (AA) - Turkey saw a 16.65% annual hike in consumer prices last month, the Turkish Statistical Institute (TurkStat) reported Monday.

The annual inflation in July rose by 0.93 percentage points from 15.72% previous month.

The highest price increase on a yearly basis was seen in miscellaneous goods and services with 26.93% in July.

"Furnishing and household equipment with 25.41%, hotels, cafes and restaurants with 19.85%, alcoholic beverages and tobacco with 19.23% and food and non-alcoholic beverages with 18.21% were the other main groups where high annual increases were realized," TurkStat said.

Last week, an Anadolu Agency survey showed that a group of 12 economists forecast an average annual climb of 16.70% in consumer prices.