Latest news with #TurkishStatisticalInstitute
Fibre2Fashion
5 days ago
- Business
- Fibre2Fashion
Turkiye CPI up 2.06% in July; clothing prices drop sharply
Turkiye's consumer inflation rose by 2.06 per cent in July 2025 compared to the previous month, bringing the annual consumer price index (CPI) increase to 33.52 per cent, according to the Turkish Statistical Institute (Turkstat) . The 12-month moving average rose by 41.13 per cent, and the cumulative increase since December stood at 19.08 per cent. Clothing and footwear prices rose by 10.67 per cent year-on-year in July 2025, contributing 0.59 percentage points to the annual CPI increase. Turkiye's CPI rose 2.06 per cent in July 2025, with annual inflation hitting 33.52 per cent. Clothing and footwear prices increased 10.67 per cent year-on-year but fell 5.82 per cent monthly, subtracting 0.36 points from CPIâ€'marking the only major negative contributor. Core inflation (B index) rose 1.82 per cent monthly and 33.77 per cent annually. However, the group saw a sharp monthly decline of 5.82 per cent, subtracting 0.36 percentage points from the overall index — making it the only major expenditure group to post a significantly negative contribution in July, Turkstat said in a release. Core inflation, measured by the CPI excluding unprocessed food, energy, alcoholic beverages, tobacco and gold (known as the B index), rose by 1.82 per cent monthly and 33.77 per cent annually. Fibre2Fashion News Desk (HU)
Gulf Today
04-08-2025
- Business
- Gulf Today
Türkiye's inflation falls to 33.52% in July 2025
Turkish annual consumer price inflation dipped more than expected to 33.52 per cent in July, official data showed on Monday. The Turkish Statistical Institute said that month-on-month inflation was 2.06 percent, below forecasts. In June, consumer price index (CPI) inflation was 1.37 per cent monthly and 35.05 percent annually. The data showed that the domestic producer price index rose 1.73 per cent month-on-month in July for an annual rise of 24.19 per cent. WAM
Zawya
04-08-2025
- Business
- Zawya
Turkey inflation falls to 33.52% in July, below forecast
ISTANBUL - Turkish annual consumer price inflation dipped more than expected to 33.52% in July, official data showed on Monday, sustaining a downward trend despite strong rises in housing and education sector prices. Month-on-month, inflation was 2.06%, the Turkish Statistical Institute said, below forecasts. In June, CPI inflation was 1.37% monthly and 35.05% annually. In a Reuters poll, the monthly inflation rate was expected to be 2.4% in July, with the annual rate seen at 34.05%. On July 24, the central bank cut its policy rate by 300 basis points and relaunched an easing cycle, while saying that leading indicators suggest a temporary rise in monthly inflation in July due to month-specific factors. A mid-year hike in fuel and tobacco prices as well as a rise in natural gas prices had been expected to drive monthly inflation. Transport prices rose 2.89% month-on-month and alcoholic drinks and tobacco prices rose 5.69%. Housing prices were up 5.78%. The domestic producer price index rose 1.73% month-on-month in July for an annual rise of 24.19%, the data showed. Inflation is seen dropping to 29.75% at the end of this year according to the poll median, higher than the central bank forecast of 24%. Finance Minister Mehmet Simsek said that the disinflation is in line with targets and that year-end inflation will be within the central bank's forecast range. "We will continue to resolutely implement our program to achieve lasting price stability, our primary priority," Simsek also said in a post on X.
Reuters
04-08-2025
- Business
- Reuters
Turkey inflation falls to 33.52% in July, below forecast
ISTANBUL, Aug 4 (Reuters) - Turkish annual consumer price inflation dipped more than expected to 33.52% in July, opens new tab, official data showed on Monday, sustaining a downward trend despite strong rises in housing and education sector prices. Month-on-month, opens new tab, inflation was 2.06%, the Turkish Statistical Institute said, below forecasts. In June, CPI inflation was 1.37% monthly and 35.05% annually. In a Reuters poll, the monthly inflation rate was expected to be 2.4% in July, with the annual rate seen at 34.05%. On July 24, the central bank cut its policy rate by 300 basis points and relaunched an easing cycle, while saying that leading indicators suggest a temporary rise in monthly inflation in July due to month-specific factors. A mid-year hike in fuel and tobacco prices as well as a rise in natural gas prices had been expected to drive monthly inflation. Transport prices rose 2.89% month-on-month and alcoholic drinks and tobacco prices rose 5.69%. Housing prices were up 5.78%. The domestic producer price index rose 1.73% month-on-month in July for an annual rise of 24.19%, the data showed. Inflation is seen dropping to 29.75% at the end of this year according to the poll median, higher than the central bank forecast of 24%. Economy officials say they are confident that inflation to fall to between 24-29% central bank forecast range at the end of the year.
Shafaq News
19-07-2025
- Business
- Shafaq News
Iraq lands 4th in Turkiye's June foreign property sales
Shafaq News – Baghdad/Ankara Iraqis ranked fourth among foreign buyers of real estate in Turkiye in June, according to figures released Saturday by the Turkish Statistical Institute (TURKSTAT). Home sales across the country rose 35.8% last month compared to the same period in 2024, totaling 107,665 units. Sales to foreigners increased by 8.7%, reaching 1,565 properties. Russia led the list of foreign buyers with 326 homes, followed by Ukraine (111), Iran (109), and Iraq (97). Germany ranked fifth with 95, while Azerbaijan, Kazakhstan, China, the United States, and Palestine followed in descending order. Once the leading foreign buyers of Turkish real estate since 2015, Iraqis dropped to second place behind Iran in early 2021, slipped to third in April 2022 amid rising Russian demand, and now rank fourth as of early 2025.
