The Turkish inflation accelerated in August to 17.9% in annual terms amid weak lira. 

In July, the annual inflation was 15.85%, Bloomberg reported. 

According to Turkish Central Bank, they are ready to change the monetary policy at the next meeting on September 13 to contain the risks associated with inflation.

Turkish lira rate slowed down against the US dollar from 2% to 0.3% thanks to this statement.

Meanwhile, average prices in Turkey increased by 2.3% in August against 0.55% in July. At the same time energy prices went up in August by 21.34% in annual terms, food - by 19.75%, transport services - by 27.1%.

Producer prices are up by 32% in August in annual terms and 6.6% against the indicator in July.