Turkey Inflation Eases To 29.73%, Lowest In Nearly 5 Years
- Türkiye’s annual consumer inflation fell to 29.73% in September from 31.51% in August, marking its fourth consecutive monthly decline.
- TurkStat reported that consumer prices rose 1.84% from August, while food and non-alcoholic beverage prices fell 0.20%.
- Transportation and housing costs increased in September, while food and non-alcoholic beverage prices declined.
- The September inflation figure was below market expectations of 30.3%.
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Turkey ' s annual inflation fell to 29.73% in September, at the lowest level since November 2021, while the slowdown in prices reinforced expectations of lower interest at this month ' s Central Bank meeting.
Turkey Inflation Eases To 29.73%, Lowest In Nearly 5 Years
Turkey's consumer price inflation moderated in September to the lowest level in nearly five years. Consumer price inflation slowed to 29.73 percent in September from 31.51 percent in August. The annual price growth in food and non-alcoholic beverages eased to 27.62 percent from 33.79 percent. Producer price inflation softened to an 8-month low of 27.38 percent in September from 27.95 percent.
Consumer prices rise 1.84% month-on-month, while food prices decline 0.20%
Turkish official data today showed that Turkey ' s annual inflation rate fell last September to 29.73 percent.
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