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Türkiye’s inflation climbs to over 83% in September

03 October 2022 11:56 (UTC +04:00)

Turkish annual inflation climbed below forecasts but still jumped to a new 24-year high in September, official data showed on Monday, APA reports citing Daily Sabah.

The consumer price index (CPI) rose 83.45% last month – a level last seen in mid-1998 – compared with a year earlier, the Turkish Statistical Institute (TurkStat) said, up from 80.2% in August.

Month-over-month, consumer prices rose 3.08%, the institute said, compared to a Reuters poll forecast of 3.8%. Annually, consumer price inflation was forecast to be 84.63%.

The domestic producer price index was up 4.78% month-over-month in September for an annual rise of 151.50%, the data showed.