Turkish Inflation Rate to Drop Further in Months Ahead, Central Bank Says

Turkish consumer price inflation will slow further in the coming months, the central bank said.

Inflation in November, which slowed to 7.3 percent from 8.6 percent a month earlier, confirmed the Ankara-based lender’s forecasts of a slowdown, it said in an e-mailed statement today.

Lower food prices were the main factor in November’s performance, the bank said today. Core inflation measures may start to show “limited” increases in the months ahead, it said.

To contact the reporter on this story: Steve Bryant in Ankara at sbryant5@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net

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