Annual inflation hits 24-year high

Annual inflation hit 83.45% in September, hitting a 24-year high, according to the Turkish Statistical Institute (TurkStat). The figure remained below the market expectation of 84.63%.

The Consumer Price Index (CPI) rose by 3.08% last month.

The Istanbul Wage Earners Cost of Living Index (WECLI) prepared by the Istanbul Chamber of Commerce (ITO) jumped 107.42% in September year-over-year, and the Inflation Research Group’s (ENAG) annual consumer inflation hit 186% last month.

The domestic producer price index (D-PPI), meanwhile, rose by 4.78% in September, while the annual producer inflation jumped 151.50% last month.

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