According to unofficial data from the ENAG Inflation Research Group, an independent institution set up in 2020 to track the country’s inflation, Turkey’s annual consumer price inflation rate was 108.58% in June.
The institution is known for finding the inflation rate far higher than official claims.
ENAG said prices in Turkey increased by 8.54% month-on-month in June. Six-month inflation rate, between January-June, was recorded at 50.53%.
The government-run Turkish Statistical Institute (TÜİK) will announce official figures on July 5.
The Central Bank on June 22 raised the interest rate by 6.5 points to 15 percent for the first time after 27 months. The move came in the first meeting of the bank under new Governor Hafize Gaye Erkan.