Türkiye's annual inflation expected at 62.23% in July

By Mahmut Cil

ISTANBUL (AA) - Türkiye's annual inflation rate is projected to slow to 62.23% in July, according to an Anadolu survey on Friday.

In June, annual consumer inflation rate eased to 71.60%, from an 18-month high of 75.45% in May as the country's economic management expected.

A group of 15 economists forecast a 3.51% monthly hike in Türkiye's consumer prices index in July, accelerating from June's 1.64%.

The Turkish Statistical Institute will announce July inflation rate on Monday, Aug. 5.