Turkey: Annual inflation at 11.77% in August

ANKARA

Turkey saw an annual hike of 11.77% in consumer prices in August, the country's statistical authority announced on Thursday.

Last month, annual inflation went up 0.01 percentage points from 11.76% in July.

The highest price increase on a yearly basis was recorded in miscellaneous goods and services with 26.99% in August, according to TurkStat data.

It was followed by health at 14.68% and food and non-alcoholic beverages at 13.51%.

Last week, an Anadolu Agency survey showed that a group of 18 economists forecast an average annual climb of 11.88% in consumer prices.