Inflation & Prices
Turkey Inflation Likely Missed Central Bank Target For End-2024
- Price growth slowed slightly in December as rate cuts began
- President Erdogan said rates will come down further in 2025
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Turkey’s annual inflation in December likely eased less than the central bank projected, just as policymakers have started to set the stage for a more accommodative stance in the new year.
Annual growth in consumer prices slowed to 45.2% in December from 47.1% a month earlier, according to the median forecast in a Bloomberg survey of analysts. The data is due Friday. The central bank earlier raised its year-end estimate to 44% from 38% in November.