Official data released on Monday showed that Turkey’s annual consumer price inflation fell more than expected to 33.52 percent in July, The Caspian Post reports citing foreign media.

The Turkish Statistical Institute said that month-on-month inflation was 2.06 percent, below forecasts. In June, consumer price index (CPI) inflation was 1.37 per cent monthly and 35.05 percent annually.

The data showed that the domestic producer price index rose 1.73 per cent month-on-month in July for an annual rise of 24.19 per cent.