ANKARA, Sept. 3 (Xinhua) -- Turkey's consumer prices went up by 15.01 percent in August compared with the same month last year, reaching its lowest level since May, the Turkish Statistical Institute (TurkStat) announced on Tuesday.
Annual inflation was 15.01 percent in consumer prices and 13.45 percent in domestic producer prices, according to the data.
The data showed that the biggest annual increase was 41.42 percent in alcoholic beverages and tobacco, followed by miscellaneous goods and services with 20.98 percent.
In July, Turkey's Central Bank cut its year-end inflation forecast for 2019 to 13.9 percent, down from 14.6 percent in its previous report.
The bank kept inflation forecasts constant for 2020 and 2021 at 8.2 percent and 5.4 percent, respectively.
The Central Bank Governor Murat Uysal cut the bank's benchmark interest rate by 4.25 percentage points, bringing it down from 24 percent to 19.75 percent, thanks to the falling inflation and a more stable currency.
Experts expect that the central bank to cut rates further when it holds a meeting on Sept. 12.
