Türkiye's inflation climbs to 58.94 pct in Aug.

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Türkiye's inflation climbs to 58.94 pct in Aug.

STORY: Türkiye's inflation climbs to 58.94 pct in Aug. DATELINE: Sept. 5, 2023 LENGTH: 00:01:17 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish shopping in a bazaar, stationery and fish shop (courtesy of ihlas news agency) 2. various of Turkish central bank 3. various of Hafize Gaye Erkan, governor of the Turkish Central Bank 4. various of Mehmet Simsek, Turkish Treasury and Finance Minister 5. various of Turkish shopping in a bazaar STORYLINE: Türkiye's annual inflation rose to 58.94 percent in August, marking the second consecutive month of increase since October last year due to the declining value of Turkish Lira and recent tax hikes, according to official figures on Monday. The figures from the Turkish Statistic Institute showed the consumer price index (CPI) in August rose by 9.09 percent monthly. The CPI experienced a consecutive decline from a peak of 85.51 percent in October 2022 to 38.21 percent in June 2023. The annual inflation rose to 47.83 percent in July, marking the fir

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