Little respite in August inflation

TURKEY - Report 03 Sep 2025 by Murat Ucer

Consumer prices rose by a somewhat higher than expected 2.0%, m/m, in August, with the 12-month rate easing modestly further to 33.0% from 33.5% in July. Monthly PPI inflation posted a 2.5% increase in the month, on the back of a marked increase in energy/electricity prices, as the 12-month rate rose to 25.2% from 24.2% in July (Graph 1; Table 1).

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