Turkey's consumer price index (CPI) recorded an increase of 0.85 percent and producer price index (PPI) 0.86 percent last month.
In the first seven months of the year, CPI rose 12.64 percent while PPI increased 5.76 percent.
Year-on-year CPI rose to 11.69 percent while year-on-year PPI increased to 14.34 percent.
Turkey, which entered the new-year with an ambitious inflation target, had to drop this target due to the fluctuations in overseas and the sharp increases in exchange rates.
The inflation target, which was announced as 5 percent at the beginning of the year, has been raised to a range of 9.1 - 10.5 percent.
The prices in group of clothing and footwear fell 6.93 percent; however, this situation could not help inflation.
The price increases recorded last month in some major groups are as follows:
• Food and non-alcoholic beverages: 1.41 percent
• Tobacco and non-alcoholic beverages: 0.01 percent
• Housing: 1.76 percent
• Household goods: 2.8 percent
• Transportation: 2.87 percent
• Amusement and culture: 1.24 percent
• Education: 1.08 percent
• Restaurants and hotels: 0.71 percent
• Communication: 0.18 percent
On the PPI front, agricultural prices fell 2 percent, while industrial prices rose 1.5 percent.