ANKARA, Nov. 3 (Xinhua) -- Turkey's annual inflation rate hit a nine-year high of 11.9 percent in October, the Turkish Statistical Institute said on Friday.
The figure, which climbed from 11.2 percent in September, was mainly driven by a sharp increase in transportation, clothing and food prices, according to official data.
On a yearly basis, the highest inflation rate was 16.79 percent in transportation in October, followed by food and non-alcoholic beverages with 12.74 percent and miscellaneous goods and services with 12.63 percent.
The highest monthly figure was 11.51 percent in clothing and footwear.
The Central Bank lifted Wednesday its annual inflation forecasts for 2017 from 8.7 percent to 9.8 percent amid increasing oil prices and devaluation of the Turkish lira.
The bank vowed to maintain a tight monetary policy until the inflation outlook improves in line with targets.
