Annual inflation in Turkey rose to 47.83 percent in July, up from 38.2 percent in June, according to government figures released on Thursday.
The new figure, which was expected, comes a week after the central bank more than quadrupled its year-end projection to 58 percent from 22.3 percent, following years of concerns about the official rate from independent economists.
Since reaching a more than two-decade high of 85 percent in October last year, the official percentage has been progressively declining. The central bank and experts anticipate an increasing trend beginning in July.
According to government numbers issued on Thursday, annual inflation in Turkey jumped to 47.83 percent in July, up from 38.2 percent in June.
The predicted new figure comes a week after the central bank more than doubled its year-end prediction to 58 percent from 22.3 percent, following years of questions about the official rate from independent economists.
The official proportion has been gradually falling since reaching a more than two-decade high of 85 percent in October last year. The central bank and experts expect an upward trend to begin in July.
