Türkiye's official inflation rate drops to 55 percent

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Türkiye's annual inflation rate in February was 55.18 percent, down by 2.5 points a month, according to the official figures released today (March 3).

The monthly inflation rate was 3.15 percent, the 12-month moving average inflation rate was 71.83 percent, showed the Turkish Statistical Institute (TurkStat) figures.

According to the Inflation Research Group (ENAG), an independent group of economists calculating the inflation every month, the inflation rate was 126.915 percent. The ENAG's annual inflation rate for the previous month was 121.62 percent.

The highest annual increase was in the food and non-alcoholic beverages with 7.36 percent, according to TurkStat. (RT/VK)