High inflation in Turkey continues to rise.
In September, consumer prices were 83.5 percent higher than a year earlier, the National Statistics Office said on Monday in Ankara.
Analysts had even expected a slightly higher inflation rate.
In the previous month, inflation was around 80 percent.
On a monthly basis, consumer prices rose by a good 3 percent in September.
The producer prices show how strong the price pressure is on upstream economic levels.
In September they rose by around 151 percent compared to the same month last year.
Producer prices are therefore more than twice as high as a year ago.
Producer prices affect the consumer's cost of living indirectly and with a time lag.
Food prices rose by around 93 percent.
The high inflation is driven by several factors.
The weak national currency, the lira, has been driving up prices for a long time since it makes goods imported into Turkey more expensive.
In addition, there are ongoing problems in the international supply chains, which make preliminary products more expensive.
In addition, the prices of energy and raw materials are rising, mainly because of the Russian war against Ukraine.
In contrast to many other central banks, the Turkish central bank is not fighting the escalating inflation by raising interest rates.
In fact, it has recently lowered its key interest rate several times.
Experts point to political pressure.
President Recep Tayyip Erdogan is a declared opponent of high interest rates and recently called for further interest rate cuts.