Turkey’s annual inflation eased to 32.1% in June from 32.6% in May, though sharp increases in housing and education costs drove consumer prices higher, official data showed today.<\/p>\n
Consumer prices in Turkey rose 0.99% month-on-month in June, slowing from 1.7% in May, according to the TUIK statistics agency.<\/p>\n
On an annual basis, education prices rose 46.1%, while housing costs, including energy bills, increased 45.1%. Food prices were up 35.4% and healthcare costs rose 33.6%.<\/p>\n
However, these official figures are disputed by independent economists from the Inflation Research Group (ENAG), who estimate that the year-on-year rise in consumer prices reached 51.4% in June.<\/p>\n
The annual inflation rate, which has remained above 30% since December 2021, exceeded 75% in May 2024 before beginning to slow down.<\/p>\n
In mid-May, the Turkish central bank raised its inflation forecasts, projecting annual inflation of 26% at the end of 2026, 15% at the end of 2027 and 9% at the end of 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"Turkey’s annual inflation eased to 32.1% in June from 32.6% in May, though sharp increases in housing and…\n","protected":false},"author":2,"featured_media":484506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-533900","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/533900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=533900"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/533900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/484506"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=533900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=533900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=533900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}