Turkish inflation shows signs of cooling off ...News

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Turkish inflation shows signs of cooling off
Consumer prices are down from October’s peak, official data shows Inflation in Türkiye slowed last month for the first time since May 2021, data from state statistics agency TUIK showed on Monday. According to the report, consumer prices rose an annual 84.4% in November, down from the record 85.5% in the previous month. Prices have been rising steadily from last year’s low of 16.6%. “As we have previously stated in various media, we have entered a downward trend in inflation, leaving the peak behind, unless there is an unexpected global development,” Finance Minister Nureddin Nebati said on Twitter. Inflation this

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