{"id":88913,"date":"2023-09-04T13:56:56","date_gmt":"2023-09-04T09:56:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=88913"},"modified":"2023-09-04T13:57:54","modified_gmt":"2023-09-04T09:57:54","slug":"inflation-in-turkiye-reaches-58-9-in-august","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/inflation-in-turkiye-reaches-58-9-in-august\/09\/04\/market-updates\/","title":{"rendered":"Inflation in T\u00fcrkiye reached 58.9% in August"},"content":{"rendered":"\n<p>Official data showed on Monday, September 4, that annual consumer price inflation in Turkey rose to 58.94% in August, exceeding expectations and rising for the second month in a row as a result of the decline in the lira and the recent increase in taxes.<\/p>\n\n\n\n<p>The consumer price inflation rate reached 9.09% on a monthly basis, a slight decrease from 9.49% in the previous month.<\/p>\n\n\n\n<p>According to a Reuters poll, annual inflation was expected to reach 55.9% and monthly inflation to be 7.0%. In July, the annual figure was 47.83%.<\/p>\n\n\n\n<p>Inflation rose after the currency crisis at the end of 2021 and touched its highest level in 24 years at 85.51% last October.<\/p>\n\n\n\n<p>The lira fell slightly after the release of inflation data to 26.78 against the dollar by 0724 GMT.<\/p>\n\n\n\n<p>The domestic producer price index rose 5.89% on a monthly basis in August, recording an annual rise of 49.41%, according to data from the Turkish Statistical Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Official data showed on Monday, September 4, that annual consumer price inflation in Turkey rose to 58.94% in August, exceeding expectations and rising for the second month in a row as a result of the decline in the lira and the recent increase in taxes. The consumer price inflation rate reached 9.09% on a monthly &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8473,6987,8494,7095],"class_list":["post-88913","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=88913"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88913\/revisions"}],"predecessor-version":[{"id":88915,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/88913\/revisions\/88915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70432"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=88913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=88913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=88913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}