The Turkish Statistical Institute (TÜİK) announced July inflation data. According to this, prices increased by 2.06 percent in July compared to the previous month. While annual inflation was 33.52 percent, the cumulative increase since the beginning of the year was 19.08 percent, and based on 12-month averages, it was 41.13 percent.
PLASFED President Ömer Karadeniz evaluated TÜİK’s announced July inflation data, stating, “Monthly inflation at 2.06 percent and annual inflation at 33.52 percent increases the pressure on manufacturers' production costs. The cumulative increase since the beginning of the year is over 19 percent. This situation makes managing input costs more difficult every day.”
This content has been translated using artificial intelligence technology.