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Annual consumer inflation in Türkiye edges up to 29.77 percent

Annual consumer inflation in Türkiye stood at 29.77 percent, a shade above the 29.73 percent of the preceding month, on data released by the Turkish Statistical Institute (TÜİK).
Consumer prices rose 2.58 percent over the month, more than the 2.4 percent monthly increase that had been looked for.
The annual rate has eased from 32.87 percent a year earlier.
The 12-month moving average inflation rate stood at 31.23 percent.
The steepest annual rise was in education at 48.86 percent, followed by health at 43.29 percent.
Prices of food and non-alcoholic beverages climbed 27.73 percent, while transportation rose 36.39 percent.
Clothing and footwear posted the lowest annual rise among the expenditure groups at 13.38 percent.
Markets will now turn their attention to the next meeting of the Monetary Policy Committee of the central bank.

Annual inflation: 29.77 percent Monthly rise: 2.58 percent 12-month moving average: 31.23 percent Agency: Turkish Statistical Institute (TÜİK)
Why it matters for exams: The durable facts are that the Turkish Statistical Institute (TÜİK) compiles and releases consumer price data for Türkiye, and that annual consumer inflation in this reading was 29.77 percent with education the fastest rising group.
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