How did the Central Bank of Turkey explain the inflation rate that reached its highest level in 24 years?

The Central Bank of the Republic of Turkey (TCMB) published its monthly price developments assessment for August. In the assessment, it was stated that the most significant contribution to inflation in August came from core goods and services groups, while it was emphasized that energy inflation decreased due to the decline in fuel prices due to the outlook for international crude oil prices. In its price assessment for August, the TCMB stated that the most significant contribution to inflation came from core goods and services groups. In the assessment, it was stated that annual inflation in the core goods group increased in all subgroups, while in the services group, annual inflation decreased in transportation and increased in other subgroups, more significantly in other services and rent. Stating that annual inflation in the food group decreased under the leadership of fresh fruit and vegetable prices in unprocessed food, the TCMB emphasized that inflation continued to increase in processed food.