Inflation in Turkey accelerated to 25.24%

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Consumer prices in Turkey rose by 25.24% in October this year compared with October last year, data from the Turkish Statistical Institute showed. Regarding September, when the price index was at the level of 24.52%, annual inflation in the country accelerated. The acceleration of the growth rate has been observed for 7 months in a row. Experts had expected annual inflation of 24.7%. Compared to the previous month, consumer prices increased by 2.67%, after rising 6.3% a month earlier. Experts had predicted an increase of 2.5%. Prices of Turkish producers rose by 45.01% year-on-year after rising 46.15% a month earlier.

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