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Turkey’s Inflation Falls to Four-Year Low of 33.5%: What to Know
11 Articles
11 Articles
Inflation in Turkey fell to 33.52 percent in July, the lowest since November 2021. Price increases in housing and tobacco drive inflation. Analysts expect inflation to reach 29.75 percent by the end of the year.
Inflation in Turkey is continuing – albeit at a slower pace. According to official figures, inflation was 33.5 percent in July. However, independent economists cast doubt on the data.
Turkey's annual inflation eases to 33.5 percent, lowest in nearly 4 years, minister says - Turkish Minute
Turkey’s annual consumer price inflation fell more than expected to 33.52 percent in July, official data showed Monday, marking its lowest level in nearly four years, the state-run Anadolu news agency reported. The Turkish Statistical Institute (TurkStat) said consumer prices rose 2.06 percent month-on-month in July, below forecasts. Analysts had expected a monthly increase of 2.4 percent and an annual inflation rate of 34.05 percent, according …
Treasury and Finance Minister Mehmet Şimşek stated, "Inflation is at its lowest level in 44 months. The disinflation process is progressing in line with our targets. We anticipate that inflation will be within the CBRT's forecast range by the end of the year."
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