Turkey's inflation dips to 84.39% as price pressures ease

04:44 Tue, 30 May

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05.Dec .2022 14:30

Turkey's inflation dips to 84.39% as price pressures ease

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Price increases moderated in Turkey in November, official data showed Monday, signaling that inflation pressures that have been plaguing consumers for more than a year might be finally easing.

Annual consumer inflation dipped to 84.39% last month, the Turkish Statistical Institute (TurkStat) said, ending a 17-month-long cycle of rises.

It dropped from a 24-year peak of 85.51% in October. Economists expected inflation to cool toward year-end, largely due to favorable base effects from 2021.

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