Turkey's Inflation Hits 44.38% in December, 58.51% Annual Average

World | January 3, 2025, Friday // 12:05
Bulgaria: Turkey's Inflation Hits 44.38% in December, 58.51% Annual Average @Pixabay

Turkey's inflation rate for December 2024 was reported at 44.38 percent year-on-year, according to national statistics from the TurkStat agency. In comparison to the previous month, consumer prices rose by 1.03 percent.

For the entirety of 2024, Turkey's inflation averaged 58.51 percent. This marked a significant increase in the country's cost of living compared to the previous year.

Among the various sectors, transportation experienced the smallest price hike, with an inflation rate of 25.88 percent compared to December 2023. On the other hand, education services saw the sharpest price increase, soaring by 91.64 percent year-on-year.

When looking at month-to-month price changes for December, clothing and footwear recorded the largest decline, with prices falling by 0.67 percent. Meanwhile, household goods saw the most significant rise, with prices jumping by 2.78 percent in the same period.

Source: TurkStat agency

World » Be a reporter: Write and send your article
Tags: turkey, inflation, prices

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria