The inflation measure for Turkey, excluding energy, food, beverages, tobacco, and gold (CPI Ex E,F,B,T&G), witnessed a significant decline in August. The latest data shows the CPI for these categories at 51.6%, a substantial decrease from the 60.2% reported in July 2024. This data was last updated on September 3, 2024.
The year-over-year comparison indicates that the inflation measure for August 2024 has slowed considerably compared to the prior month. The figures reveal a cooling of inflation for these excluded sectors, providing a glimmer of hope for Turkish consumers and businesses grappling with high prices. Market analysts and policymakers will closely monitor this trend to gauge its sustainability and potential impact on the broader Turkish economy.
