Inflation & Prices

Turkey Inflation Slows Most Since 1995 Before Vote Splurge

Price growth plummets in reflection of base effect from 2021
Higher public spending will likely slow improving outlook

WATCH: Turkish inflation slowed the most in more than a quarter century. Onur Ant reports.Source: Bloomberg

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By Beril Akman

January 3, 2023 at 7:10 AM UTC

Updated on

January 3, 2023 at 8:03 AM UTC

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Turkish inflation decelerated at its steepest pace in more than a quarter century, a slowdown that may be at risk from a public spending splurge planned ahead of elections.