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Turkish consumer price inflation rose 2.96% month-on-month in February, according to data released Tuesday by the Turkish Statistical Institute. The annual rate was recorded at 31.53%, figures largely in line with market forecasts.
A Reuters poll had anticipated a monthly inflation increase of approximately 3%, projecting the annual rate to reach 31.55%.
The data also revealed that the domestic producer price index increased by 2.43% on a monthly basis in February, marking an annual increase of 27.56%. This reflects ongoing price pressures at the production cost level.
In January, monthly inflation had risen to 4.84%, exceeding expectations, while the annual rate had decreased to 30.65%.
