ISTANBUL - Turkey's annual inflation eased to 32.1 percent in June from 32.6 percent in May, though sharp increases in housing and education costs drove consumer prices higher, official data showed on Friday.
Consumer prices rose 0.99 percent month-on-month in June, slowing from 1.7 percent in May, according to the TUIK statistics agency.
On an annual basis, education prices rose 46.1 percent, while housing costs, including energy bills, increased 45.1 percent. Food prices were up 35.4 percent and healthcare costs rose 33.6 percent.
However, these official figures are disputed by independent economists from the Inflation Research Group (ENAG), who estimate that the year-on-year rise in consumer prices reached 51.4 percent in June.
The annual inflation, which has remained above 30 percent since December 2021, exceeded 75 percent in May 2024 before beginning to slow down.
In mid-May, the Turkish central bank raised its inflation forecasts, projecting annual inflation of 26 percent at the end of 2026, 15 percent at the end of 2027 and 9 percent at the end of 2028.
- AFP