Inflation in Türkiye rose to 61.53% in September

Annual consumer price inflation in Türkiye rose to 61.53% in September, official data showed on Tuesday, which was slightly lower than expected and higher for the third month in a row as a result of increased taxes and a recent decline in the lira.

The consumer price inflation rate recorded 4.75% on a monthly basis.

Inflation rose after the currency crisis at the end of 2021 and touched the highest level in 24 years at 85.51% last October.

As for 2023, the Turkish currency has lost approximately 30% of its value.

The domestic producer price index rose 3.40% on a monthly basis in September, recording an annual rise of 47.44%, according to data from the Turkish Statistical Institute.