Turkey Inflation August 2019

Turkey

Turkey: Inflation slows in August

September 3, 2019

Consumer prices rose 0.86% in August compared to the previous month, down from July’s 1.36% increase. The slowdown was driven by a modest decrease in transportation costs after increasing substantially in July.

Inflation slowed to 15.0% in August from 16.6% in July. Core inflation, which excludes volatile price items such as energy and food, moderated to 13.6% in August from 16.2% in July. Annual average inflation, meanwhile, slowed to 19.6% from 19.9%.

FocusEconomics Consensus Forecast panelists expect consumer price inflation to end 2019 at 14.1% and 2020 at 10.9%.


Author:, Economist

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Turkey Inflation August 2019

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Turkish Statistical Institute (TurkStat).


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