Türkiye issued a fresh hike in electricity and natural gas prices for households and industry as of Thursday, authorities said, which will further pressure inflation.
Electricity and gas prices for households have increased by around 20% and by about 50% for the industry as of Sept. 1, the Energy Market Regulatory Authority (EPDK) and state energy importer BOTAŞ said on Thursday.
The utility price hikes are expected to push inflation up by 0.8 percentage points, according to a Reuters calculation, while higher industrial prices also lead to an indirect increase in inflation as producers reflect the costs on to consumers.
The energy regulator said it had raised household electricity prices by 20%, those used by public and services sectors by 30% and those used in the industry by 50%.
BOTAŞ said it hiked the natural gas price for domestic use by 20.4%, by 47.6% for small to medium-scale industrial customers, and by 50.8% for large industrial users.
The price of gas used for electricity production was raised by 49.5%, BOTAŞ said.
