Inflation Rate Hits Double Digit: 10.68
Annual inflation rate has hit double digits again: 10.68%. The monthly inflation rate has reached 0.52%. The greatest increase was in education sector with an increase of 2,79%.
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Turkish Statistical Institute has announced the inflation data for August 2017.
When compared to July, the inflation rate in August 2017 has risen by 0,52%, when compared to December 2016, by 6.60% and when compared to August 2016, by 10.68%. The average increase for 12 months is 9.66%.
In July, the annual inflation rate was announced as 9.79%.
Highest monthly hike
Highest monthly increase was seen in education with 2.79%.
Transportation marked 2.05% of increase; household furniture 1.66% and household goods 0.63% and the group of restaurants and hotels 1.03%.
Highest monthly drop
Highest monthly drop was seen in the group of clothing and shoe with 3.09%.
The other group which marked a decrease was food and non-alcoholic drinks with 0.22%.(YY/DG)
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