Türkiye's annual consumer inflation tops 80% in August

By Tuba Sahin

ANKARA (AA) - Türkiye's annual consumer inflation rose to 80.21% in August, from 79.6% a month ago, according to official data on Monday.

The figure, the highest since September 1998, was below market estimate as a group of 14 economists projected an average year-on-year rise of 81.65% in consumer prices this August, an Anadolu Agency survey found on Thursday.

While communication prices posted the lowest annual increase with 27.05%, transportation saw the largest hike in prices with 116.87%, according to TurkStat.

On a monthly basis, Türkiye's consumer price index ticked up 1.46% from July.

The highest monthly hike was 7.01% in health among the main groups, while transportation registered the lowest inflation with minus 1.78%, according to TurkStat.