Turkey Inflation Slows More Than Estimated in August on Food
- CPI rate fell to 8.05%; Bloomberg survey forecast 8.4%
- Food inflation slows to 6.19% from 9.69% recorded in July
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Turkey’s annual consumer inflation slowed for the first time since April as increases in food moderated.
The inflation rate dropped to 8.05 percent in August from 8.79 percent a month earlier, below the median estimate of 8.4 percent in a Bloomberg survey. Food prices rose an annual 6.19 percent through August, compared with 9.69 percent a month earlier, the state statistics office said in a statement on Monday.