Inflation slowed to 38.2% in June, despite a plunging lira, data has shown Türkiye’s annual inflation in June slowed to its lowest rate for the first time in over a year, data released by the official statistics service TUIK showed on Wednesday. Annual consumer-price growth eased to 38.2% last month from 39.59% posted in May, coming in lower than expected. The country’s monthly inflation rate for June stood at 3.92% and was also below forecasts, despite the continued collapse of its currency, the lira. The largest gains in annual terms were attributed to hotel and restaurant prices, which jumped 67.2%, while pr
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