Inflation & Prices
Turkish Consumer Inflation Slows at Sharpest Pace Since 2022
Shoppers at the Grand Bazaar in Istanbul.
Photographer: David Lombeida/BloombergThis article is for subscribers only.
Turkey’s headline inflation saw the sharpest drop in nearly two years in July, a slowdown largely due to base effects that officials may overlook as they focus on more immediate risks to prices.
Data on Monday showed headline inflation slipped to 61.8% in July, from 71.6% the previous month. The median forecast of economists surveyed by Bloomberg was for 62%.