Turks Face Inflation Stress

Turkey’s consumer price index rose 10.68% in August year on year, hitting double digits once again after June, the Turkish Statistical Institute announced Tuesday, Xinhua reported. On a monthly basis, the main gauge of inflation increased by 0.52% compared to July, according to the official data. On annual comparison, the highest increase was transportation with 17.38%, followed by food and non-alcoholic beverages with 11.97%, health with 11.66%, recreation and culture with 11.19% and hotels and restaurants category with 11.07%. State-run Anadolu Agency has forecasted inflation at the end of the year at 9.38% based on estimation of 14 economists.