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Turkey’s inflation rate falls in June

Annual inflation in June reaches 15.72%, down from 18.71% in May, says data from statistical authority TurkStat

Consumer prices in Turkey rose 15.72% on an annual basis in June, a sharp drop in month-on-month inflation, the country’s statistical authority announced on Friday.

The annual inflation rate last month was down from 18.71% in May, according to TurkStat.

The figure was in line with market expectations.

A group of 15 economists polled by Anadolu Agency forecast Turkey’s annual inflation rate in June would drop to 15.78%.

The highest price rise last month was seen in miscellaneous goods and services, up 26.88% year-on-year.

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