Turkey’s Inflation Rate Recorded at 11.77% in August 2020

Turkey's inflation rate in August 2020 was recorded at 11.77% year-on-year (YoY), slightly up from 11.76% YoY in July 2020, according to a recent announcement by the Turkish Statistical SInstitute (TurkStat), the country’s national statistical body. This was slightly lower than was projected by a Reuters poll (11.91% YoY) and the Anadolu Agency's (AA) panel of economists (11.88% YoY).

Miscellaneous goods and services saw the highest price increase in August 2020, at 26.99% YoY, followed by health-related goods and services at 14.68% YoY, and food and non-alcoholic beverages at 13.51% YoY, TurkStat reported.

The official data also showed that the 12-month average consumer price...