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The inflation rate for July was announced by the Turkish Statistical Institute (TÜİK). The figures for consumer inflation (TÜFE) and producer inflation (Yİ-ÜFE) were revealed. TÜFE was reported to have increased by 61.78% year-on-year and 3.23% month-on-month.

The Consumer Price Index (TÜFE) increased by 61.78% annually and 3.23% monthly.

In July 2024, the change in TÜFE (2003=100) was 3.23% compared to the previous month, 28.76% compared to December of the previous year, 61.78% compared to the same month of the previous year, and 65.93% based on twelve-month averages.

The Domestic Producer Price Index (Yİ-ÜFE) increased by 41.37% annually and 1.94% monthly. In July 2024, Yİ-ÜFE (2003=100) showed an increase of 1.94% compared to the previous month, 21.81% compared to December of the previous year, 41.37% compared to the same month of the previous year, and 47.55% based on twelve-month averages.

According to TÜİK’s statement, the Consumer Price Index (TÜFE) increased by 71.60% annually and 1.64% monthly. The Domestic Producer Price Index (Yİ-ÜFE) increased by 50.09% annually and 1.38% monthly.