Ankara: Trkiye's annual consumer inflation rate is expected to ease to 31.8% in July, according to an Anadolu survey released Thursday. The annual rate stood at 32.11% in June, indicating a potential decrease in inflationary pressure.

According to Anadolu Agency, the Inflation Expectations Survey, conducted ahead of official data due Monday, was based on estimates from 17 economists. These experts forecast the Consumer Price Index to rise by an average of 1.82% month-on-month in July, with their predictions ranging between 1.35% and 2.10%.

Their average year-end inflation forecast was projected at 29.55%, suggesting a gradual easing of inflation in the coming months. In June, consumer prices in Trkiye rose 0.99% month-on-month, marking a slowdown in the inflation trend.

The Turkish Statistical Institute is scheduled to release the official July inflation figures on Aug. 3, which will offer more clarity on the country's economic trajectory.