ISTANBUL Turkish annual consumer price inflation climbed to 61.53% in September, official data showed on Tuesday, just below expectations and rising for a third consecutive month in response to recent tax hikes and lira weakness.
Month-on-month, consumer price inflation was 4.75%.
In a Reuters poll, annual inflation was expected to rise to %61.7.
Inflation soared after a currency crisis at the end of 2021 and touched a 24-year peak of 85.51% last October. This year, the lira has so far lost some 30% of its value.
The domestic producer price index was up 3.40% month-on-month in September for an annual rise of 47.44%, according to the data from the Turkish Statistical Institute.
(Reporting by Oben Mumcuoglu; Writing by Daren Butler; Editing by Ezgi Erkoyun)
