Turkish Statistical Institute

Turkish annual inflation slows to 49.4 percent in September

The decline in annual inflation continued for a fourth month in a row, easing from 51.97 percent in August to 49.38 percent in September, data from the Turkish Statistical Institute (TÜİK) showed on Oct. 3.

This marked the lowest annual inflation rate since July 2023.

Consumer prices advanced 2.97 percent month-on-month after rising 2.47 percent in August.

Retail prices in Istanbul rise 3.9 percent in September

The pace of monthly growth in retail prices in Istanbul accelerated from 1.73 percent in August to 3.9 percent in September, according to the Istanbul Chamber of Commerce (İTO) on Oct. 1.

The annual increase in retail prices in Türkiye's largest city was 59.18 percent, slowing from August's 61.57 percent.

Retail prices have risen 42.9 percent compared with the end of 2023.

School life expectancy in Türkiye drops to 17.9 years in 2023: TÜİK

Türkiye's school life expectancy (SLE), the estimated amount of time that a primary school-aged person in Türkiye will likely spend in school until they reach their highest level of education, was calculated to be 17.9 years in 2023, data from the Turkish Statistical Institute (TÜİK) have shown.

This week’s data expected to show further decline in inflation

Data to be unveiled by the Turkish Statistical Institute (TÜİK) later this week is expected to show a further decline in the annual inflation rate in September.

Türkiye's annual inflation is forecast to drop to 48.1 percent in September from 51.97 percent in August, according to a state-run Anadolu Agency poll of economists.

Türkiye sets higher targets for fast-growing gastronomy tourism

Türkiye is rolling up its sleeves to increase its income from gastronomy tourism, which is expected to reach $18 billion by the end of the year and $25 billion by 2025.

Gastronomy tourism is defined as a form of travel to discover the culinary culture, local dishes, beverages and production methods of a region or country.

Consumer morale improves for second consecutive month

The consumer confidence index increased by 2.4 percent month-on-month in September, after inching up 0.6 percent in August.

The index climbed from 76.4 last month to 78.2 this month, data from the Turkish Statistical Institute (TÜİK) showed on Sept. 20.

Any figure above the 100 mark indicates optimism among consumers.

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